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$5,995,000
New Listing
1020 N Riverside DrivePompano Beach, FL 33062
For Sale|Multi Family|Active
0
Beds
0
Total Baths
1964
Built
Subdivision:
POMPANO BY THE SEA RESUB
County:
Broward
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Monthly Payment (Est.)
$27,352Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.
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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Listing Snapshot
Price
$5,995,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.58 Acres
Year Built
1964
MLS® Number
R11140438
Status
Active
Property Tax
$57,978
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 14 hours ago | Listing first seen on site | |
| 21 hours ago | Listing updated with changes from the MLS® |
General Features
Acres
0.58
Lease Term
12 Months
Levels
Two
Property Sub Type
Multi Family
Security
Fire Sprinkler SystemSmoke Detector(s)
Sewer
Public Sewer
Utilities
Sewer AvailableWater Available
Water Source
Public
Zoning
RM-20
Interior Features
Cooling
Central AirElectricOther
Flooring
TileVinyl
Heating
CentralElectricOther
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Exterior Features
Roof
CompositionShingle
Community Features
Financing Terms Available
CashConventional
MLS Area
3113
Listing courtesy of Compass Florida LLC
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2025 BeachesMLS, Inc. (a Flex MLS feed)
Last checked: 2025-11-14 08:39 AM UTC
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2025 BeachesMLS, Inc. (a Flex MLS feed)
Last checked: 2025-11-14 08:39 AM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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