Pompano Beach has been playing catch-up for years, and it's finally catching up. Downtown is getting a new civic core, the beachfront has luxury hotels popping up, and the streets east of Federal Highway—those quiet grids of mid-century apartments and single-family homes—have turned into some of the most coveted rental ground in northern Broward County. Buildings there don't come to market often, and when they do, they're usually small.
2275 NE 12th Street is not small. This twenty-unit apartment community sits on two contiguous parcels, east of Federal Highway and just minutes from the beach and the Intracoastal. It's offered at $4,750,000. The listing calls it stabilized, with rents in place and a clear path to raising them. For an investor looking for scale in a coastal submarket that rarely offers it, this is the kind of file worth opening.
The property is on NE 12th Street in the 33062 zip code—mainland side of the Intracoastal, but close enough that the barrier island is a short drive, not a commute. As the remarks put it: the location delivers the beach and the water without the added price of a barrier-island address.
Two Buildings, Twenty Units
The community is laid out as two two-story buildings of concrete block construction, built in 1958 and arranged around a shared parking area and courtyard. Together they hold twenty apartments: eighteen one-bedroom units and two two-bedroom units, totaling 11,165 square feet of building area according to the MLS record. The parcels beneath them total 18,112 square feet, or about 0.42 acres, and the site is zoned RM-20 by the City of Pompano Beach.
Exterior walkways serve the upper floors, parking is common and on grade, and the buildings are set back from the street behind mature palms and low hedging. The roofs are composition. Electricity, sewer and water are all connected, and the units are heated and cooled with window and wall units and ceiling fans—keeping mechanical systems simple and each apartment's utility use separate.
Inside, the units photographed for the listing show two generations of finish. Some carry white tile floors, white walls and the original compact kitchens; others have been updated with wood-look plank flooring, stainless refrigerators, new cabinetry and refreshed baths. That mix is the renovation story told in a single building: the updated units show what the rest can become, and the unrenovated ones are where the remaining upside sits.
The Rent Roll and the Upside
With rents in place and room to grow, the property offers a steady income stream plus the potential to add value through renovations. The updated units serve as a proof of concept—they show what's possible and justify higher rents for the unrenovated ones. For an investor, that's a built-in roadmap to increased returns.
And let's not forget the location. Pompano Beach is transforming, and properties like this don't stay on the market long. As the city continues to evolve, the demand for rental units in this area is only going to rise.
“In a market where buildings rarely come up and are usually small, this one stands out for its scale and potential.”
If you're in the market for a property that combines immediate cash flow with long-term appreciation, 2275 NE 12th Street is worth a closer look. It's not just an apartment building; it's a piece of Pompano Beach's future.