3208 9Th StPompano Beach, FL 33062

Exceptional investment opportunity in Pompano Beach, Florida, presents two buildings totaling 5,000 square feet of net rentable space on a 16,000 square foot lot. This Class A multifamily property boasts 10 newly renovated units: eight studios and two two-bedroom, one-bathroom apartments. Each unit offers a compelling price point of $310,000. Located at 3208 and 3204 NE 9th St, Pompano Beach, FL 33062, this property is conveniently situated a short walk from the Pompano Beach Pier and its many restaurants and amenities. The buildings, constructed on a single story, have undergone a complete renovation in 2023, including brand new roofs, landscaping, HVAC systems, impact windows, and doors. The combined asking price for both buildings is $3,100,000, representing a 6.80% capitalization rate. This represents a strong return on investment in a desirable coastal location. This turnkey opportunity is ideal for investors seeking immediate cash flow and long-term appreciation.