Overview

Closing Costs Calculator
  • Status: Closed
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 2,456 ft2/228.17 m2
  • Price Per: $335.91 ft2/$3,615.73 m2
  • Type: Commercial/Investment
  • Built: 1955
  • HOA: No info
  • MLS Number: RX-10476848
  • View No info
  • On Site: 1,831 days
  • Updated: 1831 Days Ago
  • Page Views: 2

Beautiful boutique studio apartment building within a half a block of the Atlantic Ocean and the Intracoastal Waterway. Pride of ownership shows with every detail attended to. Units have impact windows and doors and some have upgraded kitchens and floor tile. Changing the operation to Airbnb would greatly improve the CAP rate or you can leave it as is and earn a nice return with limited management. All prospective purchasers should verify seasonal operation eligibility with the city. The owner spent roughly $20,000 to install a sophisticated french drain system to help alleviate rising water during extremely heavy rain. Located in one of the last beachfront growth areas in South Florida, this location provides an investor the ability to build equity while enjoying strong cash flow.

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Price History

DateEventPriceChange RatePrice Per
03/22/2019Sold$775,000.006.1%$315.55 ft2/$3,396.59 m2
10/30/2018Listed$825,000.00$335.91 ft2/$3,615.73 m2

Features

Property Details for 3212 NE 5th, Pompano Beach, FL 33062

Commercial/Investment current status is Closed, 3212 NE 5th is a Commercial/Investment in , Pompano Beach, FL 33062 with property MLS ID# RX-10476848. This Commercial/Investment has been listed on Best of Luxury Realty since March 23, 2019 and is currently priced at 825,000. This property was built in 1955.

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Tracey Schmitt, Broker
Best of Luxury Realty

Tracey Schmitt is the principal Broker for Best of Luxury Realty, a boutique real estate brokerage, serving Miami-Dade, Broward & Palm Beach counties. Her motto is "100% Loyalty, 100% of the Time!" Tracey and her team of real estate professionals are ready to assist whether you are looking to Buy or to Sell, we would like to earn your business!

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