3401 NE 10th ST #1,3,7,8,9,11,12, Pompano Beach, FL 33062
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3401 NE 10th ST #1,3,7,8,9,11,12, Pompano Beach, FL 33062
3401 NE 10th ST #1,3,7,8,9,11,12, Pompano Beach, FL 33062
3401 NE 10th ST #1,3,7,8,9,11,12, Pompano Beach, FL 33062
3401 NE 10th ST #1,3,7,8,9,11,12, Pompano Beach, FL 33062
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Daniel A. Hammer, Sr.

Daniel A. Hammer, Sr.

+1(678) 575-6805
$ 2,225,000
Est. payment /mo
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3401 NE 10th ST #1, 3, 7, 8, 9, 11, 12 Pompano Beach, FL 33062

4,918 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 4,918 sqft

Price per Sqft $452

MLS Listing ID A11937788

Construction Status Resale

HOA Fees $650/mo

HOA Y/N No

Year Built 1980

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Hotel/Motel

Property Description

Asking price reduced - Owner wants to negotiate and sale! 7 apartments of the 11 total are available for purchase in this beautiful 4 story condominium located directly on the sand. The 7 (full kitchens and fully furnished) were purchased as a family retreat 16 years ago. You must come and experience the tranquility of the property to appreciate what it has to offer – Spectacular views, heated pool, private beach area, convenient parking, elevator, 2 laundry rooms… Per the recently completed Structural Integrity Reserve Study the property is well maintained plus it has a new roof, pool heater / pump and standpipe fire system. The condo association monthly fee is only $650 per apartment, and there is $20,000 in the reserve fund. The other 4 owners are out of state and seldom use their apartment. Per the Association's condo attorney, owning 51% of the apartments provides the opportunity to replace board members and thereby have partial control of the Association. And when an owner decides to sell, you have the first right of refusal to purchase their apartment. In addition to being a family retreat, the apartments have tremendous potential to be positioned as an upscale boutique hotel. The asking price per apartment for this direct oceanfront gem is less than many dry lot properties located on the west side of A1A! Ok to drive by but listing agent must schedule and accompany site visits.

Location

State FL

County Broward

Area 3113

Zoning RM-45/HR

Interior

Interior Features InteriorFeatures

Flooring Concrete

Fireplace No

Exterior

Parking Features Assigned, Free Parking

Roof Type Other

Total Parking Spaces 7

Building

Dwelling Type Hotel/Motel

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 484329BA0070

Security Features Other,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11937788

BeachesMLS, Inc. (FLR) IDX
Listed by William Miller Coldwell Banker Realty

NEARBY SCHOOLS & PROPERTIES

Daniel A. Hammer, Sr.

Daniel A. Hammer, Sr.

License Partner/Broker

+1(678) 575-6805

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3401 NE 10th ST #1,3,7,8,9,11,12