2275 NE 12TH Street, Pompano Beach FL 33062

Description of 2275 NE 12TH Street, Pompano Beach FL 33062

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.

Property Details for 2275 NE 12TH Street, Pompano Beach FL 33062

Flooring

Tile

Heating

Electric, Window/Wall

Cooling

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

Parking Features

Common

Pool Private

No

Year Built Details

Resale

Building Information for 2275 NE 12TH Street, Pompano Beach FL 33062

Building Area Total

11165

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Security Features

Smoke Alarm, Smoke Detector(s), Smoke Detector

Property Information for 2275 NE 12TH Street, Pompano Beach FL 33062

Lot Features

1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

18,112

Waterfront

No

View

No

Construction Materials

CBS Construction, Slab Construction

Roof

Composition Roll

Sewer

Public Sewer, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 2275 NE 12TH Street, Pompano Beach FL 33062

Parcel Number

484330200090

Tax Annual Amount

$63,687

Tax Year

2,025

Tax Legal Description

FLORENCE VILLAS 42-8 B LOT 1 BLK 2

Zoning

RM-20

County Or Parish

Broward County

Location