1020 Riverside Drive, Pompano Beach, FL, 33062
1020 Riverside Drive, Pompano Beach, FL, 33062
$5,799,000
Basics
- Сomwire last checked: 3:10 am on March 07, 2026
- Listing updated: February 22, 2026 at 7:00 pm
- Days on Сomwire: 113
- Year built: 1964
- Status: Active
- Price per sqft: $544.91
- Date added: November 13, 2025 at 12:45 pm
- Building size (SF): 10642.00 sq ft
- Acres: 0.58 sq ft
- For Sale: Yes
- For Lease: No
- Listing Office Name: Compass Florida LLC
Description
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Description:
Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 75% leased and in the process of being fully stabilized, offering immediate upside for investors. At full occupancy, the asset is projected to gross $50,000 per month in rental income (long term rents), with an NOI approaching $425,000 annually making this a high-yielding cash-flow investment. Located less than 300 yards from Pompano's pristine public beaches! Views of both the intracoastal and the ocean! Ideally positioned east of the intracoastal and one block from the Intracoastal, the property is walkable to the beach, Pompano Pier, and the newly revitalized Fishing Village.
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Location
- County: Broward
- Subdivision: POMPANO BY THE SEA RESUB
- Street Direction: N
- State: FL
- City / Department: Pompano Beach
- Legal Description: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
- Zoning: RM-20
- Land Use: Income
- Parcel ID: 484330010670
- Waterfront Details: Intracoastal
- Utilities: Public Sewer, Public Water
Building Details
- Type: MultiFamily (5+ Units)
- Building Type: Resident. Multi-Fam.
- Heating: Central, Electric, Other
- Floor covering: Tile, Vinyl Floor
- Roof: Comp Shingle
- Real Estate Taxes: $57,978.40
- Tax Year: 2024
- Cooling: Central Building,Electric,Other
- Docs Available: Survey
- Info Available: Copies of Lease,Full Financials
Additional Info
- Listing Agent: Sean Mooney
- Listing Agent Phone: (561) 789-7208
- Listing Office: Compass Florida LLC
- MLS ID: RX-11140438
- MLS Source: Realtor Association of the Palm Beaches (RAPB)
Website provided by Comwire Realty. Data provided by The Beaches MLS, though FLEXMLS.
The data is obtained from various sources and may not have been verified by the broker or the MLS.