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30084101
30083946

3226 NE 12th St, Pompano Beach, FL 33062

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$2,460,000
92 days on market
Updated 92 days ago

Pompano By The Sea Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,748
Net Rentable (SqFt) 6,748
Units 11
Cap Rate 5.18%
NOI $127,429
Occupancy 90%
Pro-Forma Cap Rate 9.9%
Pro-Forma NOI $243,642
Price per SqFt $365
Broker Co-Op Yes
Class B
Year Built 1965
Buildings 1
Stories 2
Acreage 0.280
Investment Type Value Add
Occupancy Date 03/05/2026
Ownership Fee Simple

Multifamily | 11 Units | $223,636/unit

Marketing description

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.

Investment 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

Listing Contacts

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,429.00
$10,619.08/mo

Valuation Metrics

0
DSCR
5.18%
Cap Rate
5.18%
ROI

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Additional Information

Name
Evan Richardson
License
FL SL3134745
Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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