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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 Features
County
Broward County
Section
Area
11165
Subdivision
Interior
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Bedrooms
Floors
Tile
Full Baths
Appliances
Heating
Electric, Window/Wall
Style
Garage Spaces
Construction/Exterior
CBS Construction, Slab Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
0.42
Water
Public
Sewer
Public Sewer, Public Sanitation, Sewer
Lot Size in Sq. Ft.
18112
Has Waterfront
No
Parking Description
Common
View
Has Garage
No
Roof/Attic
Composition Roll
Senior Community
No
Other Utilities
Electricity Available, Sewer Available, Water Available
Property Type
Commercial Sale
Pets
Property SubType 2
Multi Family
Tax Year
2025
Year Built
1958
Tax Amount
$63687
APN
NA
Square Feet Source
NA
Map
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