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2275 NE 12TH St

pompano beach, FL 33062

US$4,950,000

    Interested? Let's Connect

    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.

    Details

    11,165 Sq Ft

    0.42 Private Acres Lot Size

    commercial

    US$5,307 Monthly Tax

    Built in 1958

    MLS/Listing ID B26057380

    2 Stories

    20 Units

    Amenities & Features

    Composition Roll

    Sewer

    Public Sewer

    Public Water

    Cooling - Wall/window unit(s)

    Cooling - Ceiling Fans

    Tile

    Heating - Electric

    Parking - Common

    Construction - CBS

    Construction - Slab

    Heating - Wall Units

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

    HOME PRICE
    DOWN PAYMENT
    TERM
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    Interested In 2275 NE 12TH St?

    NJMLS

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