1020 Riverside Drive, Pompano Beach, FL, 33062
1020 Riverside Drive, Pompano Beach, FL, 33062
$5,799,000
Basics
- Сomwire last checked: 7:36 am on March 07, 2026
- Listing updated: February 22, 2026 at 7:01 pm
- Days on Сomwire: 47
- Year built: 1964
- Status: Active
- Price per sqft: $544.91
- Date added: January 18, 2026 at 3:11 pm
- Bathrooms: 1
- HOA Dues $: $0
- Est. Taxes: $58,197.10
- For Sale: No
- For Lease: No
- SqFt Living: 10642.00 sq ft
- SqFt Total: 16086.00 sq ft
- Listing Office Name: Compass Florida LLC
Description
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Description:
RARE OPPORTUNITY TO ACQUIRE AN 8.0% CAP RATE PROPERTY! Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 70% 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 long term rental income and an additional $150,000+ from vacation rentals, with an NOI approaching $500,000 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!
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Location
- County: Broward
- Subdivision: POMPANO BY THE SEA
- Street Direction: N
- State: FL
- City / Department: Pompano Beach
- Zoning: RM-20
Building Details
- Type: Quad Plex
Additional Info
- Listing Agent: Sean Mooney
- Listing Agent Phone: (561) 789-7208
- MLS ID: RX-11155485
- MLS Source: Greater Fort Lauderdale Realtors
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.