Multifamily Building – Rare 4 Floor Structure in Pompano Beach, FL – Prime Location East of Intercoastal

Category: Multifamily

Price:$6,125,000

Location: Pompano Beach, FL

Year Built: 1965

Days on Market: 88

Description:

Great opportunity to reposition a mid rise building in the booming Pompano Beach market. Location is AAA. 1 block East of Intercoastal and 2 blocks west of the beach. Rare 4 floor building. Building could not be replaced under current zoning code. Adjacent lot new townhome construction $2.5million+. Ritz Carlton development 1/2 mile away. 2 block walk to beach access. Building has new roof, new windows, new elevator. High demand area for both short and mid term rentals. Current ownership 23 years and in place rents significantly below market. Building has 14 FPL meters and 1 house meter. Billions of dollars of high end development in the immediate area.

Great reposition opportunity in booming Pompano Beach market. Rare 4 floor building east of Intercoastal.

Listing Code: 1086542505