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1020 N Riverside Drive, Pompano Beach, FL 33062 Photo
1020 N Riverside Drive, Pompano Beach, FL 33062 Photo

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1020 N Riverside Drive Pompano Beach, FL 33062
$5,750,000
  • Total Square Feet
    16,086
  • Lot Size
    0.58 acre(s)

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-mak...

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Property Summary

MLS Number: R11155485
Days on Market: 64
Subdivision: POMPANO BY THE SEA
County: Broward
Bedrooms: 0
Total Square Feet: 16,086
New Constuction: No
Construction: CBS
Outdoor Features: Balcony
Waterfront: No
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Electric, Central Individual
Fenced: Yes
Heating: Electric, Central Building, Central Individual
Lot Size: 0.58 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $58,197
Year Built: 1964

Featured Amenities

Balcony

Property Details

Association Amenities: Pool
Balcony: Balcony - Covered
Days on Site: 64
Exterior: CBS
Fencing: Fenced
Flooring: Tile, Vinyl
Parcel#: 484330010670
Patio/Porch: Porch - Open, Deck, Porch
Pool: In Ground
Restrictions: Limited # Vehicles, No Restrictions
Sewer: Public Sewer
Special View Info: Intracoastal, Ocean
Sprinkler: Auto Sprinkler
SQFT Living: 10642
Swimming Pool: Yes
Units: 4
Utilities: Sewer Available, Water Available
Utilities: Sewer Available, Water Available
Water: Public
Waterfront Features: None

Local Schools

High School: Blanche Ely
Middle School: Pompano Beach
Elementary School: Pompano Beach

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Courtesy of

Agency Name: Compass Florida LLC
Agency Phone: 561-300-6056
Agent Name: Sean Mooney

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Presented by

Agent Name: Matthew Stanley PA
Agent Phone: 954.661.2840
Agency Title: The Keyes Company
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Matthew Stanley PA
keyes.com
Agent Cell:
954.661.2840
Office Phone:
954.661.2840

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Estimated Payment

$ 34,760.13 Principal & Interest $28,233.30 Property Tax $4,849.75 Homeowner's Insurance $1,677.08
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