3211 6Th StPompano Beach, FL 33062

Property Details for 3211 6Th St

Year built

1957

Construction

CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

2,200 SF

Zone code

RM-20

Property type

Motels

APN

49-43-06-11-0300

APU

494306110300

Description

This exceptional 6-unit apartment building, known as the Bahama Beach Club, presents a lucrative investment opportunity in the desirable Pompano Beach, Florida market. Located just two blocks from the beach at 3211 SE 6th St, Pompano Beach, FL 33062, this property boasts a prime location for short-term vacation rentals. The complex, built in 1957 and extensively renovated in 2005, comprises two one-story buildings encompassing 3,011 square feet on a 9,258 square foot lot. The property features four full one-bedroom suites and two studio suites, each fully furnished and equipped with kitchens. Guest reviews consistently highlight the property's appeal. Amenities include a sparkling pool (renovated in 2005) with a spacious brick paver deck, and an on-site laundry room. Recent upgrades include a new tile roof (2016) and impact windows (2012). The property is zoned RM20 and offers strong revenue potential due to its proximity to Pompano Beach's vibrant dining scene, fishing pier, water taxi, shopping, golf, and tennis facilities. While the property is easily accessible for viewing, please refrain from disturbing the guests. The asking price is $1,950,000, representing $325,000 per unit and $647.63 per square foot. The APN is 494306110300.

• CAP approach

  CAP return

  Valuation

  6%

  $766,748

  6.5%

  $707,767

  7%

  $657,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $998,896

  Geo Method

  $998,896

• Alternative Use

  Use

  Valuation

  Residential

  $772,676

  Hospitality

  $707,767

  Educational

  $588,854

  Medical

  $609,105

  Retail

  $915,995

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2277

Longitude

-80.0929

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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