200 7Th StPompano Beach, FL 33060

Property Details for 200 7Th St

Year built

1976

Property size (Sq ft)

3,668 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

Exceptional investment opportunity awaits in this fully occupied, four-unit building located at 200 NW 7th Street, Pompano Beach, Florida, 33060. This 3,668 square foot property, built in 1976, sits on a lot with five parking spaces. The property boasts 100% occupancy with all four units currently leased on a month-to-month basis, presenting a significant opportunity to increase rental income. Each spacious unit exceeds 900 square feet and includes washer and dryer hookups. Recent improvements include a new roof, updated electric meters (separate for each unit with tenants responsible for their own electricity), and a fresh coat of paint. The property is zoned RM-12 and benefits from its location in an Opportunity Zone Area. A 40-year certificate was completed in 2016. Significant upside potential exists due to below-market rents that haven't been increased in years. The surrounding area is undergoing revitalization, with new condo and commercial construction underway across the street, further enhancing the property's value and future prospects. The interior layout offers flexibility for reconfiguration to maximize rental income. This is a rare chance to acquire a strong-performing multi-family asset in a rapidly developing area. The asking price is $850,000. APN: 484235100150.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2375

Longitude

-80.1258

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