2275 NE 12TH Street, Pompano Beach, FL 33062

Listing Snapshot

About This Home

20 Unit Multifamily Investment, East of Federal Hwy in Pompano Beach. Stabilized apartment community on two contiguous parcels totaling 18,112 SF, minutes to the beach and Intracoastal, without the added price tag of being on the barrier island. CBS construction, offering 11,16 SF across two buildings with 18 one bedroom and 2 two bedroom units. In place rents that are a bit below market, offering upside through lease renewals which can be increased through value add updating. Zoned RM-20, the site benefits from low submarket vacancy and steady rent growth, plus proximity to the downtown core redevelopment, and new luxury beachfront hotels driving workforce housing demand. It's rare to find an offering of this many units in one building in this supply constrained coastal submarket.

General Features

Property Type

CommercialSale

Sub-type

MultiFamily

Stories

2

Parking Spaces

25

Parking

Common

Foundation

Slab

Zoning

RM-20

Security

SmokeDetectors

Utilities

ElectricityConnected,SewerConnected,WaterConnected

Interior Features

Flooring

Tile

Heating

Electric,WallFurnace

Cooling

CeilingFans,WallWindowUnits

Exterior Features

Construction

Block

Roof

Composition

Lot Features

QuarterToHalfAcreLot

Community Features

MLS Area

3232

Map

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