Villa Fontana | 3208 SE 7th St
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Villa Fontana 3208 SE 7th St
12 Unit Block of Flats £4,792,506 (£399,376/Unit) Pompano Beach, FL 33062
Investment Highlights
- Building has existing 4th floor. Current zoning code 3 floors.
- Priced well below replacement cost. Great opportunity to capture short term rental market in booming Pompano Beach.
- Intercoastal and Ocean views.
- Currently operating as 12 units. Building has 14 FPL meters and house meter.
Executive Summary
Reposition opportunity to short term rental
Property has rare 4th floor allowing for additional waterfront and intercoastal views.
Pompano Beach in middle of high end development boom - W Hotel and Residences - $1 billion dollar project, Ritz Carlton - .5 miles from subject, Armani Casa Residences
New roof, New windows, new elevator. Concrete block.
Strong sales market. New construction $1,000+ SF.
Broward County Short term rental market rated #1 in the country
Property has rare 4th floor allowing for additional waterfront and intercoastal views.
Pompano Beach in middle of high end development boom - W Hotel and Residences - $1 billion dollar project, Ritz Carlton - .5 miles from subject, Armani Casa Residences
New roof, New windows, new elevator. Concrete block.
Strong sales market. New construction $1,000+ SF.
Broward County Short term rental market rated #1 in the country
Property Facts
| Price | £4,792,506 | Building Class | C |
| Price Per Unit | £399,376 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 15,778 SF |
| No. Units | 12 | Average Occupancy | 95% |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Mid Rise | Parking Ratio | 1.09/1,000 SF |
| Price | £4,792,506 |
| Price Per Unit | £399,376 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 15,778 SF |
| Average Occupancy | 95% |
| Number of Floors | 4 |
| Year Built | 1966 |
| Parking Ratio | 1.09/1,000 SF |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 864 - 1,101 |
| 2+1 | 4 | - | 960 - 1,101 |
| 2+2 | 1 | - | 2,514 |
| 4+3.5 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 49-43-06-12-0080 | Improvements Assessment | £1,252,467 |
| Land Assessment | £198,362 | Total Assessment | £1,450,829 |
PROPERTY TAXES
Parcel Number
49-43-06-12-0080
Land Assessment
£198,362
Improvements Assessment
£1,252,467
Total Assessment
£1,450,829
zoning
| Zoning Code | RM-20, Pompano Beach (RM-25 25 units per acre as of right) |
| RM-20, Pompano Beach (RM-25 25 units per acre as of right) |
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Villa Fontana | 3208 SE 7th St
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