Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1958
Sq.Footage
11,165
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Electric, Wall Furnace
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Common
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.42
-
Property Type
Commercial Sale
-
Property Sub Type
Multi Family
Price
-
Sales Price
$4,750,000
-
Tax Amount
$63,687.22
-
Sq. Footage
11,165
-
Price/SqFt
$425
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Casey M Prindle, Nicklaus Vance
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