Property Description

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.

Features
Heating System
Cooling System
Parking Features
Roof:
Composition
Sewer
Address Map
State:
FL
County:
Broward
City:
Pompano Beach
Zipcode:
33062
Street:
2275 Ne 12th Street, Pompano Beach, Florida 33062
Longitude:
W81° 53' 59.8''
Latitude:
N26° 14' 47.6''
MLS Addon
Building Area:
11,165 Sqft
Construction Materials:
Block
Directions:
North of Atlantic east of US 1 on 12th St
Electric
Flooring:
Tile
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
484330200090
Stories Total:
2
Tax Annual Amount:
$63,687
Utilities
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Commercial Sale For Sale

2275 Ne 12th Street, Pompano Beach, Florida 33062, Pompano Beach, Florida 33062

18,112 Sqft
$4,950,000
MLS # #B26057380
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$4,950,000
Year Built :
1958
Lot Area :
18,112 Sqft
MLS # :
B26057380
Property Sub Type :
Multi Family
Agent info
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