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Listed by Compass Florida LLC
$5,995,000
Est. payment /mo
29 Baths
10,642 SqFt
New
1020 N Riverside DR Pompano Beach, FL 33062
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Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 10,642 sqft
Price per Sqft $563
Subdivision Pompano By The Sea Resub
MLS Listing ID RX-11140438
Year Built 1964
Annual Tax Amount $57,978
Tax Year 2024
Lot Size 0.580 Acres
Property Sub-Type MultiFamily (5+ Units)
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.
Location
State FL
County Broward
Area 3113
Zoning RM-20
Interior
Heating Central, Electric, Other
Cooling Central Building, Electric, Other
Flooring Tile, Vinyl Floor
Fireplaces Type Smoke Detector, Sprinkler
Exterior
Utilities Available Public Sewer, Public Water
Waterfront Description Intracoastal
Roof Type Comp Shingle
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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