Multifamily Property – 22 Units in Pompano Beach, FL – Renovated Near the Beach
Commercial Sale
Category: Multifamily
Price:$5,000,000
Location: Pompano Beach, FL
Year Built: 1975
Days on Market: 60
Description:
Presenting 3215 NE 7th St, a renovated 22-unit multifamily property just steps from the beach in Pompano! Ideally located near the famous pier, shopping, and dining, this property is currently operating as an 18-room motel with ultra-spacious rooms, offering flexibility to continue short-term rentals with management in place or convert back to a 22-unit multifamily. Most units feature modern kitchens, stylish bathrooms, new flooring, impact windows/doors, and central air. The property also boasts ample parking, a beautiful pool, and plenty of seating/tanning areas. Proforma rents as a multifamily project potential returns over a 7% cap rate, making it a standout investment opportunity!
Please visit Fausto Commercial
Listing Code: 1102669474