2275 NE 12TH ST, Pompano Beach, FL 33062
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Team At The Comerford Group

Team At The Comerford Group

+1(941) 586-3229
$4,950,000
Est. payment /mo
11,165 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,165 sqft

Price per Sqft $443

MLS Listing ID B26057380

Construction Status Resale

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

Interior

Interior Features InteriorFeatures

Heating Electric, Wall Furnace

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

Flooring Tile

Fireplace No

Exterior

Parking Features Common

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Water Access Desc Public

Roof Type Composition

Accessibility None

Total Parking Spaces 25

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 484330200090

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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BeachesMLS, Inc. (FLR) IDX
Listed by Casey M Prindle Nicklaus Vance

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2275 NE 12TH ST

Team At The Comerford Group
Team At The Comerford Group

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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