3212 10Th St Pompano Beach, FL 33062
- Apartment buildings
- 6,146 SF
Current Use by Public Records
- Carolyn Condos / Condominium Complex
Property Details for 3212 10Th St
- Year built
- 1981
- Property size
- 6,146 SF
- Property type
- Apartment buildings
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.0886
- Latitude
- 26.2464
