Second-Floor Residential Income
3205 SE 7th Street, Pompano Beach, FL 33062
For Sale
$159,900
Residential, Pompano Beach, FL
Property Size560 SF
Price / SF$285.54
Days on Market306
Property Features for 3205 SE 7th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Subdivision
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Expense value
Expense
Expense freq.
HOA Fee
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
heated pool
BBQ area
laundry facilities
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Tolliver Prince Realty
(561) 306-4303
Listed By:
Nicole Prince · License #3546278
(561) 719-3305
Added: Jan 6
Changed: Oct 26
Last Checked: Nov 7 at 7:06AM
MLS# R11151947
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This second-floor residential income property offers 560 square feet with one bedroom and one bathroom. The residence includes vinyl flooring, fresh paint, new impact windows and doors, new central AC, a newer water heater, and a recently installed kitchen ceiling. Kitchen cabinetry remains available for future personalization. Electric range and refrigerator are included.
The property is part of a 16-unit boutique community with a heated pool, BBQ area, laundry facilities, and one assigned parking space. The south-facing residence overlooks the pool and is located approximately a five-minute walk from the beach, with dining, shopping, and entertainment nearby. The building is a 55+ community; rentals are permitted after two years of ownership. Public water and sewer serve the property, and zoning is RM-20.
The property is part of a 16-unit boutique community with a heated pool, BBQ area, laundry facilities, and one assigned parking space. The south-facing residence overlooks the pool and is located approximately a five-minute walk from the beach, with dining, shopping, and entertainment nearby. The building is a 55+ community; rentals are permitted after two years of ownership. Public water and sewer serve the property, and zoning is RM-20.
Key Highlights
- 560 SF second‑floor residence with 1 bedroom and 1 bathroom
- Part of a 16‑unit 55+ community
- Approximately a five‑minute walk to the beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,602
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,040
$172.0K
Cap Rate 7%
$122,886
$122.9K
Cap Rate 9%
$95,578
$95.6K
Market Conditions
NOI Build-Up for 560 SF
Gross rent
$16.5K $29.40/SF
− Vacancy
−$823 −$1.47/SF
EGI
$15.6K $27.93/SF
− OpEx
−$7.0K −$12.57/SF
NOI
$8.6K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,040
Cap Rate 7%
$122,886
Cap Rate 9%
$95,578
Alternative Uses
Best Use
Apartment 5plus
$122.9K
$107.5K – $143.4K
NOI $8,602 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$218.4K
$191.1K – $254.8K
NOI $15,288 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,742
Businesses Nearby
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Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Pompano Beach, FL
Properties on Market for Residential income properties in Pompano Beach
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence in a 55+ community with pool amenities, assigned parking, updated systems, and beach access within walking distance.
Where is this residential income property located?
The property is located at 3205 SE 7th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 560 SF second‑floor residence with 1 bedroom and 1 bathroom; Part of a 16‑unit 55+ community; Approximately a five‑minute walk to the beach
