The Thomas Team of Marcus & Millichap are pleased to present RAM Pompano Apartments, a multifamily property operating as 42-units and located at 900 Southeast 1st Street in Pompano Beach, Florida.
RAM Pompano Apartments were constructed in 1974 and comprise (2) two-story CBS buildings with flat roofs. The property currently consists of (1) studio apartment (non-conforming), (39) one-bedroom/one-bathroom apartments and (2) two-bedroom/one-bathroom apartments. The buildings total 17,140 rentable square feet and encompass a 43,929-square-foot lot, according to the Broward County Property Appraiser. Units feature central air conditioning (the studio apartment has a wall unit), ceramic tile flooring and electric appliances. Property amenities include on-site laundry facilities and a swimming pool.
*The property is licensed for 41 apartments. The studio is non-conforming.
**The Seller is currently in the process of finishing work and closing out permits related to air conditioning installations, paving of the parking surface and the currently required 40/10 year building recertification.