Atlantic Manor
Closed208 SW Avondale Dr, Pompano Beach, FL 33060
Property type
Multifamily
Unit / Space count
13
Price
$2,750,000
Building size
9,431 sf
Rentable area
9,431 SF
Year built
1989
Year renovated
Occupancy
Zoning code
Lot size
0.46 Acres
Sold/status
Sold · Date unknown
Sale price
$2750000
Unit mix
4x
2br
8x
3br
Bedroom count
Property description
Atlantic Manor is a 13-unit three-floor multifamily community built in 1989 located in the heart of Pompano Beach, Florida, which is in Broward County. The subject property has recently gone through extensive renovations establishing strong cash flow day one and the ability to increase rents. Renovated units feature new luxury tile, countertops, high tech electrical appliances, and premium kitchen cabinets. The property also features exterior upgrades such as new central AC, 2023 roof, and freshly painted. Additional upgrades include PVC plumbing, electric panels, and hot water heaters. The property is located on the west side of Dixie Hwy and is just a block from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located east of I-95, south of Atlantic Blvd, and north of Pompano Park Place. Atlantic Blvd leads into the renowned Pompano beaches just to the east of the property. Within minutes of walking, you can access the shops and restaurants of Pompano Beach. Additionally, Atlantic Manor is located in one of the fastest-growing markets in Broward County due to it being a favorite spot for local natives. The investment opportunity consists of a unit mix of (8) three-bed one-bathroom, (4) two-bed one-bathroom, & (1) one-bed one bathroom totaling approximately 9,431 SF. The property boasts amenities such as luxurious interior finishes, laundry on-site and a large tropical courtyard. Atlantic Manor offers an investor the opportunity to purchase an unbelievably located renovated asset with ability to increase rents in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing cash flow day one with the ability to own a low management-intensive asset in a location that simply cannot be beaten.
Property highlights
- Sold $2,750,000 Which Represents A $211,538 Price Per Door Price Point
- Franklin Street Represented Both Seller & Buyer
- Within 30 Days Of Exclusively Listing The Property Went Under Contract
- Located Near Dixie Hwy & Atlantic Blvd Providing Easy Access To Any Major Highways