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The Cottages By The Ocean 3309 SE 3rd St 6 Unit Apartment Building $1,799,000 ($299,833/Unit) 9.86% Cap Rate Pompano Beach, FL 33062
INVESTMENT HIGHLIGHTS
- #1 Rated on Tripadvisor
- Turnkey Investment
- Area seeing unprecedented growth
- Meticulously maintained
- Surrounded by 5-star luxury developments
- Prime location near restaurants and attractions
EXECUTIVE SUMMARY
DO NOT WALK THE PROPERTY WITHOUT LISTING AGENT.
Coldwell Banker Commercial Realty proudly presents Cottages by the Ocean, an award-winning, historic boutique lodging property located in the heart of the Pompano Beach coastal district. Situated just a two-minute walk from the beach, this charming compound of six fully furnished cottages spans a beautifully landscaped 10,500 SF lot and is an exceptional investment or owner-user opportunity in one of South Florida’s most dynamic hospitality zones.
Rated #1 on TripAdvisor for over 20 years, the property features five studio units and one 1-bedroom cottage, each with full kitchens, private screened porches or patios, and upscale amenities tailored for the extended-stay traveler. These tropical hideaways deliver immediate cash flow with minimal management required and and are surrounded by world class new developments, including the nearby Ritz Carlton, Waldorf Astoria, W Residences, Armani/Casa, and Salato.
Please download the offering memorandum for full detail.
Coldwell Banker Commercial Realty proudly presents Cottages by the Ocean, an award-winning, historic boutique lodging property located in the heart of the Pompano Beach coastal district. Situated just a two-minute walk from the beach, this charming compound of six fully furnished cottages spans a beautifully landscaped 10,500 SF lot and is an exceptional investment or owner-user opportunity in one of South Florida’s most dynamic hospitality zones.
Rated #1 on TripAdvisor for over 20 years, the property features five studio units and one 1-bedroom cottage, each with full kitchens, private screened porches or patios, and upscale amenities tailored for the extended-stay traveler. These tropical hideaways deliver immediate cash flow with minimal management required and and are surrounded by world class new developments, including the nearby Ritz Carlton, Waldorf Astoria, W Residences, Armani/Casa, and Salato.
Please download the offering memorandum for full detail.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,799,000 | Apartment Style | Garden |
| Price Per Unit | $299,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 9.86% | Building Size | 2,843 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | RM-20, Pompano Beach | ||
| Price | $1,799,000 |
| Price Per Unit | $299,833 |
| Sale Type | Investment |
| Cap Rate | 9.86% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,843 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RM-20, Pompano Beach |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 49-43-06-06-0820 | Total Assessment | $1,079,250 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-43-06-06-0820
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,079,250
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Cottages By The Ocean | 3309 SE 3rd St
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