225 NW 12th Ct
Pompano Beach, FL 33060
Colonial Apartments · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Highly Desirable Unit Mix Consisting of All Two-Bedroom and One-Bathroom Units
- Walking Distance to Sanders Park Elementary, Pompano Beach Middle and Blanche Ely High School
- Long Term 10+ Year Ownership
- Large Apartments Averaging 694 Square Feet
- All Roofs Replaced in 2019
- Located in a Qualified Opportunity Zone
Property Facts
| No. Units | 12 | Building Size | 8,328 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1976 |
| Building Class | C | Parking Ratio | 2.28/1,000 SF |
| Lot Size | 0.67 AC | ||
| Zoning | RM-20 - MULTIPLE-FAMILY RESIDENCE | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 8,328 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 2.28/1,000 SF |
| Zoning | RM-20 - MULTIPLE-FAMILY RESIDENCE |
About 225 NW 12TH CT , POMPANO BEACH, FL 33060
The Colonial Apartments (herein referred to as “the property”) is a 12-unit multifamily community located on NW 12th Court in Pompano Beach, FL. The property consists of four contiguous triplexes that were constructed of concrete block between 1976 and 1985. The buildings will be delivered with brand new roofs and are situated on .67 acres of land. The property has an excellent unit mix consisting of all two-bedroom and one-bathroom apartments averaging 694 square feet. Two triplexes are on wall-unit air-conditioning and two have central air-conditioning. The Colonial Apartments offer an investor a unique opportunity to acquire a well located group of four contiguous triplexes with rents that are between $150 and $250 per month below the market. A new owner could raise rents to current market levels or obtain an additional $100 of upside with renovations.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,075 | 694 |
Property Taxes
| Parcel Number | 48-42-35-32-0750 | Improvements Assessment | $465,300 |
| Land Assessment | $43,700 | Total Assessment | $509,000 |
Property Taxes
