Renovated
For Sale
$789,999
237 NW 12th Court, Pompano Beach, FL 33060
All three apartments are leased, with two bedrooms and one bathroom in each.
Property Size2,072 SF
Price / SF$381.27
Days on Market38
Property Features for 237 NW 12th Court
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Preferred Properties Int'l Rea
(561) 477-1193
Listed By:
Tiwana D Holmes · License #3345100
(561) 654-1588
Source:
Lehmannflorida
Added: Sep 13
Changed: Oct 19
Last Checked: Oct 19 at 2:23PM
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 Preferred Properties Int'l Rea
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Investment Insights
Based on property information with market context.
This triplex contains three leased apartments, each configured with two bedrooms and one bathroom. The 2,072-square-foot property was built in 1976 and has undergone renovations, including updated kitchens with new cabinetry and countertops, refreshed bathrooms, new flooring, and fresh paint.
The property is at 237 NW 12th Court in Pompano Beach, Florida. The source also identifies buildings at 225, 229, 233, and 237 as available together as a package.
The property is at 237 NW 12th Court in Pompano Beach, Florida. The source also identifies buildings at 225, 229, 233, and 237 as available together as a package.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 bathroom
- All units leased
- 2,072 square feet; built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,649
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,980
$693.0K
Cap Rate 7%
$494,986
$495.0K
Cap Rate 9%
$384,989
$385.0K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$52.2K $25.20/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$49.5K $23.89/SF
− OpEx
−$14.8K −$7.17/SF
NOI
$34.6K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,980
Cap Rate 7%
$494,986
Cap Rate 9%
$384,989
Alternative Uses
Best Use
Multifamily LT 5
$495.0K
$433.1K – $577.5K
NOI $34,649 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$454.7K
$397.9K – $530.5K
NOI $31,829 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,566 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are leased, with two bedrooms and one bathroom in each.
Where is this triplex located?
The property is located at 237 NW 12th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $789,999.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 bathroom; All units leased; 2,072 square feet; built in 1976
