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Available For Sale - Multifamily

5,872 SF | Show Pricing $

AVAILABILITY DETAILS

Size
5,872 SF
Price/SF
Show Pricing $
Listing ID
SA427216
Notes
The Atlantic Sun Apartments is an ideal acquisition for a buyer looking to participate in the growth story of Pompano Beach. With many redevelopment projects planned and under way, the once forgotten town of Pompano Beach is growing at an incredible pace. The City of Pompano Beach through the activities of the Community Redevelopment Agency has positioned itself to directly compete for tourism dollars with the more well known beach towns in South Florida.



Atlantic Sun Apartments is operating as a hotel with a base of returning tenants year over year with limited advertising spend. Currently self managed, Atlantic Sun Apartments specializes in seasonal and short term rentals with a focus on extended stay starting with 30 day tenancy.



The unit mix is highly desirable for both the short term rental and annual rental markets. Atlantic Sun Apartments is primed to grow with the area and there is an opportunity to add value through a strategy of renovations and online marketing.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Steven Paulsen, SVN | Commercial Partners
BRE# BK3053136