3215 NE 7th St, Pompano Beach FL, 33062

Active

3215 NE 7th St

Pompano Beach FL, 33062

$5,000,000

$566.19 per sqft

Active

8,831 sqft

Commercial

Built in 1975

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!

A11715932

MLSⓇ ID

January 12, 2025

Listed

January 14, 2025

Updated

Map

3215 NE 7th St
Pompano Beach FL, 33062

Interior Features

Total Stories: 2
Floor Description: Other, Tile
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall/Window Units

Exterior/Building Features

Lot Size: 0.34 Acres
Roof: Other
Sewer: Public Sanitation

Other Property Details

Taxes: $60,000
Tax Frequency: Annually
Garage: No
Parking: Shared Parking
Parking Total: 21
View: No
County: Broward County
Water Source: Public
Pool: No
Zoning: RM-20

Listed by: Fausto Commercial Realty Consultants Inc
Listing Contact: 954-743-7594

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 11:14 PM UTC, 1/14/2025.