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Pinnacle Real Estate Group – FL

2275 NE 12TH Street, Pompano Beach, FL 33062 (MLS# B26057380)

2275 NE 12TH Street, Pompano Beach, FL 33062

$4,750,000
Property Type: Commercial Sale Square Footage: 11,165 Status: Active
Current Price: $4,750,000 List Date: 7/28/2026 Last Modified: 9/11/2026

Overview

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.

Listing Details MLS# B26057380

General Property Information

Number Of Buildings
2
Property Sub Type
Multi Family
Number Of Units Total
20
Price Per Unit
247500
Occupant Type
Tenant
Building Area Main
11165
Building Area Source
Public Records
Adjusted Area Main
11165
Year Built
1958
Parking Total
25
Lot Size Area
18112
Lot Size Acres
0.42
Accessibility Features YN
No
Stories Total
2
Stories
2
Leasable Area
11165

Property Features

Documents Available: Copy Of Lease(s); Owner Managed; Rent Rolls Electric: 220 Volts Flooring: Tile Foundation Details: Slab Heating: Electric; Window/Wall Parking Features: Common Possession: Close Of Escrow Property Condition: Resale Special Listing Conditions: Standard Zoning Information: Use Conforms To Zoning Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Ceiling Fan(s); Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
4950000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
2275
Street Direction Prefix
NE
Street Name
12TH
Street Suffix
Street
City Name
Pompano Beach
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33062
Postal Code +4
3750
Area
3232
Geographic Area
NUS1 - North Broward Intracoastal To Us1 (3211-3234)
Parcel Number
484330200090
Subdivision Number
20
Zoning
RM-20
Flood Zone
AE,X
Directions
North of Atlantic east of US 1 on 12th St
Property Description
MULTI-FAMILY 10 UNITS OR MORE

Financial Information

Tax Annual Amount
63687.22
Tax Year
2025
Tax Legal Description
FLORENCE VILLAS 42-8 B LOT 1 BLK 2

Status Change Information

Major Change Timestamp
2026-09-11T18:35:12Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-11T18:35:12Z
Status Change Date
2026-07-28

More Information

Building and Property Details

Improvement Height
2 Stories

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
21
Separate Gas Meters YN
No
Separate Water Meters YN
No
Number Of Meters Total
21

Income and Expenses

Annual Total Expense
124767
Gross Income
397200
Net Operating Income
260517

Unit Details

Number Of Units Leased
19

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
18
Furnished
No

Description of Unit Type 2

Unit Type
2 Bedroom
Units Total
2
Full Baths
Yes
Furnished
No

Originating Details

Originating System Key
20260727192443199334000000
Originating System ID
M00000170
IDX
Listing Office: Nicklaus Vance
Last Updated: September - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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