Investment Overview

Marcus & Millichap, as exclusive listing agents, is pleased to offer for sale Hibiscus Villas, a four- unit multifamily property in Pompano Beach, Florida, situated between the Intracoastal and the Atlantic Ocean. Hibiscus Villas consists of two buildings on one parcel, both of which were built in 1948 with concrete block construction situated on a 0.18-acre lot, totaling 2,713 square feet of rentable space. The unit mix consists of all one- bedroom / one- bathroom floorplans that are roughly 635 square feet each. There is an on-site laundry room located in the rear of one of the buildings Hibiscus Villas is located just a few blocks south of East Atlantic Boulevard, between South Ocean Boulevard and South Riverside Drive. Being situated only one block off A1A, provides easy access to a wide variety of local amenities and attractions in the area including the Pompano Municipal Pier, Lucky Fish, Beach House, Oceanic, and of course Pompano Beach, the quintessential Florida beach that runs approximately 3.5 miles along Florida’s east coast. Hibiscus Villas offers an investor the opportunity to purchase an unbelievably located asset situated between the Intracoastal and the Atlantic Ocean with the potential to be operated as short term rentals to maximize cash flow.