$ 4,950,000
-
$4,950,000
Price -
0
Bed -
0
Bath -
11,165
SqFt
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About the Listing 303575 - 3223583
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Wall/Window Unit(s)
- Heating: Electric,Wall Furnace
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 1/4 to 1/2 Acre Lot
- Garage Capacity: N/A
- Parking Spaces: 25
- Zoning: RM-20
- Roof: Composition
- Others:
- Sewer: Public Sewer
- Parking Features: Common
Financial Details
- Tax Amount: $63,687
- Taxes w/Assessments: N/A
- Tax/Property ID: 484330200090
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2275 NE 12th St Pompano Beach, FL 33062
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