Rare value-add beachside multifamily opportunity just steps from the ocean in Pompano Beach. Legally a 4-unit property with four electric meters but currently configured as five income-producing units. The original 3BR/2BA unit has been thoughtfully split into two 1BR/1BA units and can easily be restored to its original layout if desired. Includes an oversized studio that could convert to a true 1BR with the addition of a wall. Property is underperforming due to several long-term tenants below market rents, offering significant upside. One seasonal unit already demonstrates strong income potential. Ideal for investors seeking rent growth, repositioning potential, or short-term rental strategies such as Airbnb. Buyer to verify future use with the city.
Listed By
Agency Name: Lang Realty/BR
Agency Phone: 561-447-0666
Shown By
Agency Title: Realty 100
Agency Phone: 954-859-2100
Estimated Payment
$ 4,387.04 per month $2,781.96 Principal & Interest $1,240.50 Property Tax $364.58 Homeowner's Insurance
3308 SE 3rd Street | MLS# R11121635
This multi-family property located at 3308 SE 3rd Street, Pompano Beach, FL 33062 is currently listed for sale with an asking price of $1,250,000. Search Pompano Beach real estate on www.realty100.com today.