2275 NE 12TH Street
Property Description
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.
Broker Details
Golden Bear Realty, LLC (561) 721-2626
MLS ID: 3223583 State License Number: 3223583
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,750,000 |
| No. of Units: | 20 |
| Year Built: | 1958 |
| Lot Size: | 11,165.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $237,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26057380
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