For Sale
$5,710,000

3215 7Th St Pompano Beach, FL 33062

Coastal Florida Hotel, High Occupancy

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
Prime investment opportunity: Waves Beach Vacation Rentals, a two-story, 22-key hotel in Pompano Beach, Florida, is available for sale/leaseback. This property boasts a strong 95% occupancy rate (as of June 26, 2024) and a compelling 8.63% cap rate, generating a net operating income (NOI) of $492,727. The asking price is $5,710,000, or $259,545 per key. The hotel features a mix of 14 studio units (11 with full kitchens, 3 with kitchenettes) and 4 two-bedroom units (all with full kitchens, 3 with in-suite laundry). Recent renovations include modern interiors and upgraded amenities in all 23 units (22 units + 1 spacious 900 sq ft two-bedroom suite), minimizing maintenance needs and maximizing rental appeal. The property also includes a renovated outdoor pool area and ample surface parking (19 spaces) on a 17,000 sq ft lot. Located at 3215 NE 7th St, Pompano Beach, FL 33062, this hotel benefits from its proximity to public transportation, parks, gyms, and other recreational facilities. The property is zoned RM-20 - MULTIPLE-FAMILY RESIDENCE.

Highlights

  • $5,710,000 asking price for a 22-key hotel/motel in Pompano Beach, FL.
  • 8.63% cap rate with a $492,727 Net Operating Income (NOI).
  • 95% occupancy, projected occupancy date of June 26, 2024.
  • Sale/Leaseback investment opportunity.
  • Property features 22 units (18 large units), recently renovated with modern interiors and upgraded amenities.

Property Details for 3215 7Th St

Property type
Hospitality properties, Motels
Stories
2

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.2429938
Longitude
-80.0892921

Nearby Similar for Sale

  • For Sale
    $895,000

    Pompano Beach Motel Investment

    High-Yield Motel, 17 Keys, Prime Location

    350 6Th St
    Pompano Beach, FL
    View Details
  • For Sale
    $3,600,000

    Oceanfront Lauderdale Hotel

    Beachfront Hotel, 6 Suites, $3.6M

    4213 El Mar Dr
    Lauderdale-by-the-Sea, FL
    View Details
  • For Sale
    $2,000,000

    Oceanfront Lauderdale Hotel Investment

    Coastal Inn, 7 Units, Turnkey Opportunity

    4145 Bougainvilla Dr
    Lauderdale-by-the-Sea, FL
    View Details
  • For Sale
    $10,500,000

    Avalon Resort Redevelopment Opportunity

    Beachfront Florida development, seller financing.

    735 20Th Ave
    Deerfield Beach, FL
    View Details
  • For Sale
    $2,500,000

    Prime Pompano Beach Retail Investment

    High-Yield, Multi-Tenant NNN Property

    1801 Sample Rd
    Pompano Beach, FL
    View Details
  • For Sale
    $175,000

    Restaurant for Sale - Profitable Franchise Food Ct

    Restaurants • 1,507 SF

    Restaurant for Sale - Profitable Franchise Food Ct
    Coral Springs, FL
    View Details

FAQs

What type of property is this?
Hospitality property - Coastal Florida Hotel, High Occupancy
Where is the hospitality property located?
The property is located at 3215 7Th St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $5,710,000.
What are key features of this property?
This property features: $5,710,000 asking price for a 22-key hotel/motel in Pompano Beach, FL.; 8.63% cap rate with a $492,727 Net Operating Income (NOI).; 95% occupancy, projected occupancy date of June 26, 2024.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

William Thompson
William Thompson
Visit Broker Website

Learn more

Useful Information

Request information

7Th St
Pompano Beach, FL 33062

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

7Th St
Pompano Beach, FL 33062

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3215 7Th St
  • William Thompson
    William Thompson
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.