$5,799,000

1020 N Riverside Drive, Pompano Beach, FL 33062

  • 2 baths |
  • 10,642 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.58acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $545/sqft
  • Property List Date Icon Listed 22 days ago

Property 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!

Listing Status:
Active
Date Added:
January 18, 2026
Data Last Updated:
February 10, 2026 at 1:22AM
Listing Office:
Compass Florida LLC : 305-851-2820
Listing Agent:
Sean Mooney : 561-789-7208
MLS ID:
R11155485
  • Flooring: TileVinyl
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectricIndividual
  • General: BalconyOutdoor Living Area
  • Other Structures: PorchBalconyDeckCovered
  • Pool: In GroundAssociation
  • Roofing: Composition
  • General: Block2
  • HOA Amenities: Pool
  • Originating MLS: BEACH_BEACH
  • County: Broward
  • Zoning: RM-20POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B''BLK 8484330010670
  • View: IntercoastalOceanView
  • Fencing: Fenced
  • Utilities: Sewer AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: BEACH_BEACH

This listing courtesy of Sean Mooney , Compass Florida LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pompano Beach Elementary School

700 NE 13th Ave, Pompano Beach, FL, 33060

Grades PK-5

1.33 miles away

B

Broward Children's Center North

25 SE 20th Ave, Pompano Beach, FL, 33060

Grades PK-12

1.52 miles away

P

Pompano Beach High School

600 NE 13th Ave, Pompano Beach, FL, 33060

Grades 9-12

1.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.