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Pompano By The Sea, 1020 N Riverside Dr, Pompano Beach, FL, Florida 33062

10,642SqFt

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Details

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Status:
Active
Size: 10,642 SqFt (989 m2)
Price: $545/SqFt ($5,865/m2)
Type: Multi Family
Built: 1964
MLS Number: R11155485
View: Intercoastal,Ocean
On Site: 18 Days
Updated: 6 Days ago
Page Views: 0
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!
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Balcony, OutdoorLivingArea
      • View: Intercoastal,Ocean
      Interior, Heating and Cooling
      • Heating Description: Central, Electric, Individual
      • Cooling Description: CentralAir, CeilingFans, Electric
      Building and Construction
      • Floor Description: Tile,Vinyl
      • Year Built: 1964
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2026-01-17T19:00:00.000-00:00
        Taxes, Fees & More
        • Taxes: 58197.1

        Apples-to-Apples Comparables

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        Price History

        01/29/2026

        Date

        Listed

        Event

        $5.8M

        Price

        $545 ft2 / $5,865 m2

        Price Per

        Price per square foot and days on website are not provided values and are calculated by Subdivisions.

        Listed by Sean MooneyCompass Florida LLC • Buyer Agency Compensation .

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