2275 NE 12TH Street, Pompano Beach FL 33062
Pompano Beach, FL 33062
$4,750,000
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- Price
- $4,750,000
- Building size
- 11,165
- Property type
- Multi Family
- Year built
- 1958
- Lot size (sq ft)
- 18,112
- MLS number
- B26057380
This listing is courtesy of Nicklaus Vance, 561-721-2626.
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.
Details
- Property type
- Multi Family
- Year built
- 1958
- Lot size (sq ft)
- 18,112
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC