2275 NE 12TH ST, Pompano Beach, FL 33062
2275 NE 12TH ST, Pompano Beach, FL 33062
2275 NE 12TH ST, Pompano Beach, FL 33062
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$4,950,000
Est. payment /mo
11,165 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,165 sqft

Price per Sqft $443

MLS Listing ID B26057380

HOA Y/N No

Year Built 1958

Annual Tax Amount $63,687

Tax Year 2025

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Multi Family

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.

Location

State FL

County Broward

Area 3232

Zoning RM-20

Direction North of Atlantic east of US 1 on 12th St

Interior

Heating Electric, Wall Furnace

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Tile

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Composition

Total Parking Spaces 25

Private Pool Yes

Building

Lot Description <1 Acre, 1/4 to 1/2 Acre Lot

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Senior Community No

Restrictions Zoning Restrictions

Tax ID 484330200090

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Nicklaus Vance
Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

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2275 NE 12TH ST