Old Condo Buildings Can Be Lucrative!Posted: January 10, 2022 | Source: www.nbcnews.com
With the Surfside, Florida condo collapse and limited oceanfront building space for developers, many owners of old condo buildings are anxious to sell their outdated units to developers. Several 1960’s-era buildings are heading for the wrecking ball and owners are hitting a goldmine. According to Zillow records, owners of a 1978 condo building in Pompano Beach received as much as $800,000 for their 302-square-foot residences. Its replacement will be a new state-of-the art condo building.