3226 NE 12th St - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$2,460,000 USD
954-501-5020
3226 NE 12th St, Pompano Beach, FL for Sale
$2,460,000 USD
Apartments - FOR SALE
1/23
null | 5.18% Cap Rate


HIGHLIGHTS

  • CBS Building With Updated Interiors Featuring LVT Floors, Wood Cabinets, And Granite Countertops
  • Currently Operated As Annual Rentals With Strong Short-Term Rental Upside
  • On-Site Pool And Laundry Rooms
  • Prime East Pompano Location Near The Beach, Pier, And Fishing Village Redevelopment

OVERVIEW

Marcus & Millichap is pleased to present Pompano By The Sea Apartments, an 11-unit multifamily property located at 3226 NE 12th Street in Pompano Beach, Florida. Built in 1965, the property totals 6,748 square feet and is situated on a 0.28-acre lot. The unit mix consists of 3 studios (436 SF), 7 one-bedroom/one-bathroom units (620 SF), and 1 three-bedroom/two-bathroom unit (1,100 SF), offering a flexible layout that appeals to a broad renter profile. The property features a pitched composite shingle roof, wall-unit air conditioning, and desirable on-site amenities including a swimming pool and laundry room. Interior upgrades include LVT flooring, wood cabinetry, and granite countertops, enhancing both durability and aesthetic appeal. The asset is currently operated as annual rentals; however, given its proximity to the beach and tourist-driven amenities, we believe the property’s highest and best use may be repositioning to short-term rentals, allowing for potentially higher revenue and optimized cash flow. Pompano By The Sea Apartments is ideally located east of Federal Highway, just minutes from the Pompano Beach shoreline, Fisher Family Pier, and the redeveloped Pompano Beach Fishing Village, home to upscale dining, retail, and entertainment. The submarket continues to benefit from significant redevelopment activity, including new luxury residential towers, boutique hospitality projects, and mixed-use developments that are elevating the area’s long-term demand profile. With its coastal location, updated interiors, on-site pool amenity, and potential for operational repositioning, Pompano By The Sea Apartments presents a compelling opportunity to acquire a boutique multifamily asset in one of Broward County’s fastest-growing beachfront submarkets.

FOR SALE DETAILS

PRICE

$2,460,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

11

PRICE/UNIT

$223,636

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,979 SF

ZONING

RM-20, Pompano Beach

APN/PARCEL ID

48-43-30-01-0620

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.