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3214 SE 11th St
Pompano Beach, FL 33062
Covered Land! 6 Townhouse Development Oppt'y! · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Collect Income while finalizing plans and permits
- project features plans for six luxury townhomes, each spanning four levels and designed with private terraces, jacuzzis, and dedicated parking
- Located just one minute from the beach, 12 minutes from I-95, and 30 minutes from Fort Lauderdale Airport
EXECUTIVE SUMMARY
Fausto Commercial proudly presents a near site-plan-approved development opportunity at 3214 SE 11th St in the desirable city of Pompano Beach. The property currently operates as an income-producing four-unit building generating $7,400 in gross monthly revenue, providing immediate cash flow while development plans are finalized. The project features plans for six luxury townhomes, each spanning four levels and designed with private terraces, jacuzzis, and dedicated parking. The land is priced at $2.2M, with construction costs estimated at $11.7M and a projected total sell-out of $22.44M, resulting in an estimated profit of $8.5M. Located just one minute from the beach, 12 minutes from I-95, and 30 minutes from Fort Lauderdale Airport, this site offers strong upside potential in a rapidly growing coastal market.
PROPERTY FACTS Under Contract
| Price Per Unit | $756,591 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 2.62% | Building Size | 3,089 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM-20 - Intended to accommodate primarily multifamily dwellings (including townhouse development) including community residences. | ||
| Price Per Unit | $756,591 CAD |
| Sale Type | Investment |
| Cap Rate | 2.62% |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,089 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2021 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | RM-20 - Intended to accommodate primarily multifamily dwellings (including townhouse development) including community residences. |
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