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.
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
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
TOTAL MONTHLY COST
US$0
US$0
US$0
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