413 Ocean Blvd Pompano Beach, FL 33062
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 413 Ocean Blvd
- Year built
- 1961
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a six-unit multifamily property situated at 413 S Ocean Boulevard in Pompano Beach, Florida, 33062. Built in 1961, this special purpose property boasts a prime location just one block from the beach on A1A (Ocean Boulevard). The property comprises two spacious one-bedroom, one-bathroom units and four generously sized studio apartments. Recent upgrades include the installation of new hurricane impact windows and a fresh coat of exterior paint, enhancing both the aesthetic appeal and the structural integrity of the building. One unit has undergone a complete renovation, featuring new flooring, a modern bathroom, updated kitchen, and new appliances. Each unit is equipped with a new mini-split air conditioning system, ensuring year-round comfort for tenants. Individual ranges and refrigerators are provided in each unit. A new flat roof has also been installed, eliminating potential maintenance concerns. The property's current tenants are paying below-market rates, presenting a significant opportunity to increase rental income. The large corner lot offers ample space and potential for future development. This property is ideally suited for Airbnb or short-term rentals, given its proximity to the beach and desirable location. The asking price is $1,695,000, and owner financing may be possible. This is a must-see property for discerning investors seeking a high-return investment in a prime coastal location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.0914243
- Latitude
- 26.2282889
