20-Unit Apartment Building, CBS
New
For Sale
$4,950,000
2275 NE 12TH St, Pompano Beach, FL 33062
Stabilized 20-unit apartment building with a one- and two-bedroom mix on two contiguous parcels zoned RM-20.
Lot Size0.42 Acres
Days on Market4
Property Features for 2275 NE 12TH St
General Information
Standard status
Active
Lot size
0.42 Acres
Property subtype
Commercial
Zoning
RM-20
Units
Unit Mix
18 x 1BR, 2 x 2BR
Multifamily Units
20
Additional Details
Public Transit
Yes
Building Details
Building Size
11,165 SF
Year Built
1958
Buildings
2
Construction
CBS
Listing Agency:
Golden Bear Realty, LLC
(786) 443-7203
Listed By:
Casey M Prindle · License #3223583
(786) 443-7203
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 5:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Golden Bear Realty, LLC
Investment Insights
Based on property information with market context.
This stabilized 20-unit apartment building is built with CBS construction and arranged across two buildings on two contiguous parcels totaling 18,112 SF. The unit mix includes 18 one-bedroom units and 2 two-bedroom units, designed to support straightforward multifamily leasing.
The property is located east of Federal Hwy in Pompano Beach, minutes to the beach and the Intracoastal. It is also positioned to benefit from proximity to the downtown core redevelopment. Bike and walk access is moderate, with BikeScore of 51 and walkScore of 40, while transitScore is 28.
Zoned RM-20, the site’s configuration and existing income stream can support a long-term operating strategy with lease renewals.
The property is located east of Federal Hwy in Pompano Beach, minutes to the beach and the Intracoastal. It is also positioned to benefit from proximity to the downtown core redevelopment. Bike and walk access is moderate, with BikeScore of 51 and walkScore of 40, while transitScore is 28.
Zoned RM-20, the site’s configuration and existing income stream can support a long-term operating strategy with lease renewals.
Key Highlights
- 20 units: 18 one‑bedroom and 2 two‑bedroom units
- CBS construction across two buildings
- Two contiguous parcels totaling 18,112 SF
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $328.3k | $29.40 |
| − Vacancy | −$16.4k | −$1.47 |
| EGI | $311.8k | $27.93 |
| − OpEx | −$140.3k | −$12.57 |
| NOI | $171.5k | $15.36 |
11,165 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.45M
$2.14M – $2.86M
NOI $171,511 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,805 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 20-unit apartment building with a one- and two-bedroom mix on two contiguous parcels zoned RM-20.
Where is this apartment building located?
The property is located at 2275 NE 12TH St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 20 units: 18 one‑bedroom and 2 two‑bedroom units; CBS construction across two buildings; Two contiguous parcels totaling 18,112 SF
