PARVANIcommercial group inc.
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Multi Family · Commercial Sale

2275 NE 12TH Street, Pompano Beach FL 33062

Pompano Beach, FL, 33062

$4,950,000

Presented by Parvani Commercial Group, Inc.

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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.

Property Details

Property Type
Multi Family
Status
Active
MLS #
B26057380
Building Area
11,165 SF
Leasable Area
11,165 SF
Lot Size
18,112 SF
Year Built
1958
Zoning
RM-20
Units
20
Net Operating Income
$260,517
Days on Market
0
Price
$4,950,000