1020 N Riverside Drive, Pompano Beach, FL 33062, Pompano Beach, FL 33062
1020 N Riverside Drive, Pompano Beach, FL 33062, Pompano Beach, Broward, FL 33062
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!
R11155485
MLSⓇ ID
67
Days On Market
1964
Property Year
Structure Type
Features and Amenities
Property Map
Map
Disclaimer
Property ID - R11155485
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Data last updated 12:00 PM EST, 10/30/2025
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