PRICED AT ONLY: $1,250,000
Address: 3308 3rd Street, Pompano Beach, FL 33062
Description
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.
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- MLS#: R11121635 ( Residential Income )
- Street Address: 3308 3rd Street
- Viewed: 114
- Price: $1,250,000
- Price sqft: $543
- Waterfront: No
- Year Built: 1951
- Bldg sqft: 2304
- Total Baths: 4
- Days On Market: 251
- Additional Information
- Geolocation: 26.2294 / -80.092
- County: Broward
- City: Pompano Beach
- Zipcode: 33062
- Subdivision: Blount Bros Pompano Beach
- Elementary School: McNab
- Middle School: Pompano Beach
- High School: Blanche Ely
- Provided by: Lang Realty/BR
- DMCA Notice
Features
Building and Construction
- Exterior Features: Awning(s)
- Fencing: Fenced, Partial, Wood
- Flooring: Carpet, Tile
- Roof: Composition, Shingle
Land Information
- Lot Features: Interior Lot
School Information
- High School: Blanche Ely
- Middle School: Pompano Beach
- School Elementary: McNab
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Central Air, Electric, Wall/Window Unit(s)
- Heating: Central, Window/Wall
- Pets Allowed: Yes, Pet Restrictions Possible
- Road Frontage Type: East of US-1
- Sewer: Public Sewer
- Utilities: Cable Available, Sewer Available, Water Available
Finance and Tax Information
- Tax Year: 2024
Rental Information
- Tenant Pays: Electricity, None
Other Features
- Legal Description: BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 12 BLK 10
- Levels: One
- Parcel Number: 494306060970
- Views: 114
- Zoning Code: 2-9 Units
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
