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Florence Villas Apartments 2275-2281 NE 12th St 20 Unit Apartment Building $4,950,000 ($247,500/Unit) 5.26% Cap Rate Pompano Beach, FL 33062
Investment Highlights
- Convenient access to Atlantic Boulevard, US-1, and coastal amenities.
- Established income-producing residential asset in Broward County.
Executive Summary
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. Full OM available upon request.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$260,517
|
$23.34
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $260,517 |
| Annual Per SF | $23.34 |
Property Facts
| Price | $4,950,000 | Building Class | C |
| Price Per Unit | $247,500 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 11,164 SF |
| Cap Rate | 5.26% | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.24/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-20 - Residential and Multifamily | ||
| Price | $4,950,000 |
| Price Per Unit | $247,500 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 11,164 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | RM-20 - Residential and Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 750 |
| 2+1 | 2 | - | 1,000 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 48-43-30-20-0100 | Improvements Assessment | $0 (2026) |
| Land Assessment | $0 (2026) | Total Assessment | $1,437,480 (2026) |
Property Taxes
Parcel Number
48-43-30-20-0100
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$1,437,480 (2026)
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Contact the Sale Advisor
Florence Villas Apartments | 2275-2281 NE 12th St