3212 10Th StPompano Beach, FL 33062

Property Details for 3212 10Th St

Year built

1981

Property size (Sq ft)

6,146 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2464

Longitude

-80.0886

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