3401 NE 10th St # 1,3,7,8,9,11,12, Pompano Beach, FL 33062

About This Home

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.

Property Details

Flooring

Concrete

Parking Features

Assigned, Free Parking

Building & Association

Building Name

Atlantic Terrace

Stories

4

Stories Total

4

Association

No

Association Fee

$650

Association Fee Frequency

Monthly

Security Features

Other Fire Protection, Smoke Detector(s)

Lot & Construction

Lot Size Square Feet

7,400

Waterfront

Yes

Waterfront Features

Ocean Front

View

No

Construction Materials

CBS Construction

Roof

Other

New Construction

No

Public Records

Parcel Number

484329BA0070

Zoning

RM-45/HR

County Or Parish

Broward County

Location