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    Apartment buildings

    3212 10Th St, Pompano Beach, FL 33062

    6,146 SF Built 1981
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1981
    Total area 6,146 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Carolyn Condos Condominium Complex
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
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