About This Home
This 0-bedroom, 0-bathroom residential multi family at 2275 NE 12TH Street in Pompano Beach, FL is listed for $4,950,000 ($443 per sqft). Built in 1958, the home offers 11,165 sqft of living space on a 0.42 acres lot.
Key Features
- Built in 1958
- 0.42 acre lot
- 2 stories
- 25 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$26,474/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2275 NE 12TH Street
Pompano Beach, FL 33062
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 2275 NE 12TH Street is listed at $4,950,000 ($443/sqft). The estimated monthly payment is $26,474 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1958, 0.42 acre lot, 2 stories, 25 parking spaces.
This property is listed by Casey M Prindle and can be reached at 7864437203.