3212 10Th StPompano Beach, FL 33062

For Sale
$3,799,000
Beachfront 6-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 6-unit apartment building located at 3212 NE 10th St, Pompano Beach, FL 33062. The property boasts 6,146 square feet and is situated on a prime location just blocks from the revitalized Atlantic Boulevard and the new Pompano fishing pier. Enjoy direct beach access and proximity to an array of restaurants and shops. This two-story building, constructed in 1981, underwent significant inspections and repairs in 2022, ensuring its excellent condition. The roof was replaced in 2018, providing long-term peace of mind. All units feature hurricane-proof windows, central air conditioning, and in-unit washer/dryer hookups. Currently, the building operates as six fee-simple dwellings, four two-bedroom/two-bathroom units and two one-bedroom/one-bathroom units. However, there is potential for conversion to ten units (six one-bedroom and four studio units), significantly increasing rental income. Long-term tenants are currently in place, providing immediate cash flow. Surrounded by new luxury multi-million dollar properties, this building represents a strong investment in a rapidly appreciating area. The asking price for this remarkable property is $3,799,000.

Highlights

  • Six-unit apartment building at 3212 NE 10th St, Pompano Beach, FL 33062.
  • 6,146 square feet on a prime location near Atlantic Boulevard and the Pompano fishing pier, with beach access.
  • Two-story building (1981 construction), recently inspected and repaired (2022), new roof (2018), hurricane-proof windows.
  • Six fee-simple units: four 2/2 and two 1/1; potential for conversion to ten units (six 1/1 and four studios).
  • Long-term tenants provide immediate cash flow; asking price: $3,799,000.

Property Details for 3212 10Th St

Property type
Apartment buildings
Square Feet
6,146 SF
Year Built
1981
Buildings
1
Stories
2
Units
6

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.2464059
Longitude
-80.0885808
3212 10Th St, Pompano Beach, Florida

FAQs

What type of property is this?
Apartment building - Beachfront 6-unit apartment building, excellent ROI.
Where is the apartment building located?
The property is located at 3212 10Th St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Six-unit apartment building at 3212 NE 10th St, Pompano Beach, FL 33062.; 6,146 square feet on a prime location near Atlantic Boulevard and the Pompano fishing pier, with beach access.; Two-story building (1981 construction), recently inspected and repaired (2022), new roof (2018), hurricane-proof windows.
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3212 10Th St
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