3215 7th St ,Apartments for Sale

3215 7th St for Sale

Price $5,000,000.00

• Lot size 15000
• Year Build 1975
• Waterfront
• Zip 33062
• Style
• Parking Description Shared Parking
• Pool Yes
• Status Active

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!

ATLANTIC VIEW 26-19 B LOT 20,21

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!

City:Pompano Beach,Zoning:RM-20,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Tile,Latitude:26.2429938,Cooling Y N:1,Heating Y N:1,List Price:5000000,Listing Id:A11715932,Longitude:-80.0892921,Mls Status:Active,Year Built:1975,Inclusions:Equipment,Furniture/Fixtures,Postal Code:33062,Street Name:7th St,Coordinates:1:26.2429938,Photos Count:48,Days On Market:7,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3113,On Market Date:2025-01-12,Parcel Number:484331090190,Parking Total:21,Property Type:Commercial Sale,Stories Total:2,Street Number:3215,Public Remarks: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!,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4508,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:60000,Unparsed Address:3215 NE 7th St, Pompano Beach FL 33062,Building Features:1:Balconies,2:Barbeque,3:Pool,Listing Agreement:Exclusive Right To Sell,Building Area Total:8831,Building Area Units:Square Feet,Lot Size Square Feet:15000,Number Of Buildings:1,Original List Price:5000000,Public Survey Range:48,Documents Available:1:Photos,2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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!,Listing Contract Date:2025-01-12,Originating System I D:miamire,Public Survey Section:31,Street Number Numeric:3215,Tax Legal Description:ATLANTIC VIEW 26-19 B LOT 20,21,Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial,Contract Status Change Date:2025-01-12,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,