$4,750,000

2275 NE 12TH Street, Pompano Beach FL 33062

About This Property

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.

Property Details

Location

Leaflet | © OpenStreetMap contributors

Satellite

+−

Hold Ctrl + scroll to zoom the map

Similar Properties

1 of 48

For Sale

Single Family Residence

$5,495,000

2605 N RIVERSIDE Drive, Pompano Beach FL 33062

4 bd3 bth3,390 sq. ft.

1 of 47

For Sale

Condominium

$5,352,400

900 N Ocean Blvd # 101, Pompano Beach FL 33062

4 bd3 bth— sq. ft.

1 of 53

For Sale

Single Family Residence

$5,299,999

2612 NE 4TH Street, Pompano Beach FL 33062

5 bd5 bth4,281 sq. ft.

1 of 60

For Sale

Condominium

$5,249,500

305 Briny Avenue # 806, Pompano Beach FL 33062

3 bd3 bth3,354 sq. ft.

1 of 23

For Sale

Condominium

$5,228,900

20 N Ocean Boulevard # 11A, Pompano Beach FL 33062

4 bd4 bth3,462 sq. ft.

1 of 34

For Sale

Single Family Residence

$4,990,000

2377 SE 15th St, Pompano Beach FL 33062

5 bd5 bth— sq. ft.