$5,995,000

1020 N Riverside Drive, Pompano Beach, FL 33062

  • 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 $——/sqft
  • Property List Date Icon Listed 29 days ago

Property 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.

Listing Status:
Active
Date Added:
November 13, 2025 at 06:00AM
Listing Office:
Compass Florida LLC : (561) 285-4283
Listing Agent:
Sean Mooney : (561) 789-7208
MLS ID:
R11140438
  • Flooring: TileVinyl
  • A/C: Central AirElectricOther
  • Heating: CentralElectricOther
  • Roofing: CompositionShingle
  • General: 2
  • Originating MLS: FTL_RMLS
  • County: Broward
  • Zoning: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B''BLK 8484330010670
  • Utilities: Sewer AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: FTL_RMLS

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.

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