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3215 NE 7th St

Pompano Beach, FL 33062
  • $5,000,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: A11715932
UPDATED: 19 min ago
$5,000,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1975
County:

School Ratings & Info

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 motelwith 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!

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Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2025-02-13T23:51:15.86.
www.greatermiamiluxuryhomes.com/homes/159379765
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3215 NE 7th St Pompano Beach, FL 33062

  • Price: $5,000,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 19 min ago
  • MLS #: A11715932
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1975
Built
County:
Broward
Property 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 motelwith 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!
Exterior Features

Inclusions EquipmentFurniture/Fixtures Parking Features Shared Parking Parking Total 21 Pool Private YN No Roof Other View YN No Waterfront YN No

Interior Features

Building Area Total 8831 Building Features Awning/Hurricane CoversBalconiesBarbequePool Cooling Wall/Window Unit(s) Flooring OtherTile Heating Wall/Window Units Heating YN Yes Stories 2 Window Features Clear Impact Glass

Property Features

Association YN No Business Type Apartments Cooling YN Yes Documents Available Aerial Photo(S)PhotosRent Rolls Horse YN No Listing Terms All CashConventional/Refinance New Construction YN No Property Sub Type Income/MultiFamily Public Survey Section 31 Sewer Public Sanitation Special Listing Conditions Sale Structure Type Hotel/Motel Tax Annual Amount 60000 Water Source Public Zoning RM-20

Listing courtesy of Fausto Commercial Realty Consultants Inc: .


Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2025-02-13T23:51:15.86.
 
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