Bayside Manor
Closed2205 SE 7th St, Pompano Beach, FL 33062
Property type
Multifamily
Unit / Space count
9
Price
$1,600,000
Building size
6,650 sf
Rentable area
6,650 SF
Year built
1957
Year renovated
Occupancy
Zoning code
Lot size
0.27 Acres
Sold/status
Sold · Date unknown
Sale price
$1600000
Unit mix
1x
2br
1x
2br
Bedroom count
Property description
The Bayside Manor is a 9-unit multifamily property that can be run as a traditional monthly rental or ideally due to the location and surrounding vacant lots can be operated as vacation rentals. This multifamily property is located in the heart of the Outer Pompano Beach/Deerfield Beach submarket in Pompano Beach, Florida, which is in Broward County. The subject property was built in 1957 using reinforced concrete block construction with painted stucco exterior and is situated on 0.27 acres of land. The property is located on the north side of SE 7th st and is just a couple of blocks from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. Due to the premium location, there are many luxurious homes within the neighborhood. The asset is conveniently located west of Federal Hwy, north of SE 28th Ave, directly south of E Atlantic Blvd, and east of A1A. Within minutes of driving, you can access the world-famous Pompano Beach and Pompano Beach Airpark. Additionally, Bayside Manor is blocks away from one of the most up and coming, well-known neighborhoods in Broward County known as Lighthouse Point. The investment opportunity consists of a highly attractive unit mix of (1) studio, (2) one-bedroom & one-bathroom, (4) one-bedroom & one-bathroom, (1) two -bedroom & one-bathroom, and (1) two -bedroom & two-bathroom totaling approximately 6,650 RSF. The property boasts amenities such as ample parking, fully furnished large units, and a lush courtyard. The Bayside Manor offers an investor the opportunity to purchase an unbelievably located, turn-key property in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing cash flow with the ability to capitalize on the ever-expanding traditional and daily rental markets in one of the most desired areas of Pompano Beach that simply cannot be beaten!
Property highlights
- Capital Improvements Include Hurricane Impact Windows, New Roofs, Hurricane Doors, New Electric, and Interior Renovations
- Several Units Have Premium Upgrades Featuring Granite Countertops & Stainless Appliances,
- Walking Distance to Major Retailers, Restaurants, and Major Transportation
- Can Be Operated As Either Traditional Monthly Rentals or Daily Rentals
- Ease of Access to Downtown Fort Lauderdale, I-95, Atlantic Blvd, US-1 and A1A