2275 NE 12TH Street, Pompano Beach, FL 33062

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.

Property Details

Flooring

Tile

Heating

Electric, Window/Wall

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Parking Features

Common

Building & Association

Stories

2

Stories Total

2

Association

No

Security Features

Smoke Alarm, Smoke Detector(s), Smoke Detector

Lot & Construction

Lot Features

1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

18,112

Waterfront

No

View

No

Construction Materials

CBS Construction, Slab Construction

Roof

Composition Roll

New Construction

No

Public Records

Parcel Number

484330200090

Tax Annual Amount

$63,687

Tax Year

2,025

Zoning

RM-20

County Or Parish

Broward County

Location