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… Read More 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. Read Less
Courtesy of Nicklaus Vance 561-721-2626
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
11,165
Lot Size
0.42 Acres
Year Built
1958
MLS Number
B26057380
30 Days Snapshot Of 33062
$751k
-19%
(avg) sold price
37
-42%
homes sold
151
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1958, Construction materials: CBS, Toal building area: 11165, 20 total units
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Floors
Tile
Foundation
Details: Slab
Heating
Electric, Window/Wall
Lot
0.42 acres
Parking
Common, 25 total parkings
Property
Zoning: RM-20
Roof
Composition
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Annual amount: $63,687
Utilities
220 Volts, Electricity Connected, Sewer Connected, Water Connected
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