3213 SE 12th St

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3213 SE 12th St

Pompano Beach, FL 33062
Asking Price
$3.20M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 3213 SE 12th St in Pompano Beach, Florida, this multifamily asset is situated in a residential corridor characterized by quiet streets and proximity to the Atlantic coast. The property is positioned less than one mile from the beach and within walking distance of local dining and retail options along East Atlantic Boulevard. The location provides easy access to major thoroughfares, including Federal Highway and Interstate 95, facilitating commutes to nearby Fort Lauderdale and Boca Raton. Public transit stops are available nearby, connecting the neighborhood to the broader Broward County infrastructure. The property is well-suited for traditional long-term residential leasing or specialized housing models. Given the proximity to coastal recreation and local employment hubs, the typical tenant profile includes professionals seeking a suburban coastal lifestyle and service industry workers employed in the nearby tourism and hospitality sectors. The asset functions effectively as a workforce housing option or a boutique rental community for residents prioritizing access to Pompano Beach’s revitalized downtown and beachfront amenities. The surrounding area’s steady demand for low-density multifamily housing supports consistent occupancy for this asset type.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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