3204 SE 10th St - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$3,450,000 USD
954-501-5020
3204 SE 10th St, Pompano Beach, FL for Sale
$3,450,000 USD
Apartments - FOR SALE
1/20
null | 8.22% Cap Rate


HIGHLIGHTS

  • 10-Unit Waterfront Property With Direct Ocean Access And ~90 Feet Of Dockage
  • All Units are Large 1 Bedroom/1 Bathroom Floor Plans with Full Kitchens and Balcony/Patio Space
  • Barrier Island Location East Of The Intracoastal Near The Pier And Beachfront Redevelopment
  • Concrete Block Construction With Impact Windows Throughout
  • On-Site Pool, Laundry Facility, Office and Storage Space

OVERVIEW

Marcus & Millichap is pleased to present Coral Reef Waterfront Rentals, a 10-unit waterfront multifamily property located at 3024 SE 10th Street in Pompano Beach, Florida. Built in 1964, the property consists of a two-story building totaling 6,058 square feet on a 0.30-acre lot, constructed of concrete block with a flat roof. The property is comprised entirely of 10 one-bedroom/one-bathroom units averaging approximately 606 square feet, each equipped with full kitchens, wall-unit air conditioning and balcony/patio space. Recent upgrades include hurricane impact windows and doors throughout, enhancing durability and reducing future capital needs. Coral Reef offers a rare waterfront setting with direct ocean access, featuring approximately 90 feet of dock space, making it highly attractive for both seasonal renters and long-term tenants seeking a coastal lifestyle. Additional amenities include an on-site swimming pool, laundry facility, office and storage space, thus further enhancing tenant appeal and rental potential. Ideally located east of the Intracoastal Waterway on the barrier island, the property is just minutes from Pompano Beach, the Fisher Family Pier, and the Pompano Beach Fishing Village, which features upscale dining, retail, and entertainment. The surrounding area continues to see significant redevelopment activity, including new luxury residential and mixed-use projects that are driving long-term demand and increasing property values. Coral Reef Waterfront Rentals presents a unique opportunity to acquire a waterfront asset with short-term rental upside in one of Broward County’s most desirable coastal submarkets.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$569 USD /SF

# OF UNITS

10

PRICE/UNIT

$345,000

CAP RATE

8.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coral Reef Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RM-20, Pompano Beach

APN/PARCEL ID

49-43-06-12-0450

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.