1020 N Riverside Drive
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!

Studio

2
baths

10,642 Sq.Ft. LIVING AREA

0.58 Acres lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 1020 N Riverside Drive, Pompano Beach, FL 33062. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

  • total bedrooms0
  • Total bathrooms2
  • Flooring Tile, Vinyl

Area & Lot

  • Status For Sale
  • Living Area10,642 Sq.Ft.
  • Total Area16,086 Sq.Ft.
  • Lot Area0.58 Acres
  • MLS® IDR11155485
  • TypeMulti-Family
  • YEAR BUILT1964
  • Water FrontageNone
  • View DescriptionIntercoastal, Ocean
  • Elementary SchoolPompano Beach
  • Middle SchoolPompano Beach
  • High SchoolBlanche Ely

Exterior

  • STORIES2
  • water SourcePublic
  • utilitiesSewer Available, Water Available
  • PoolIn Ground, Association
  • roofComposition
  • lot featuresSprinklers Automatic
  • HEAT TYPECentral, Electric, Individual
  • AIR CONDITIONINGCentral Air, Ceiling Fan(s), Electric
  • sewerPublic Sewer
  • HOA AmenitiesPool
  • other exterior FeaturesBalcony, Outdoor Living Area

Financial

  • Sales Price$5,750,000
  • Real Estate Tax $58,197/yr
  • Zoning RM-20

Work With Us

With the perfect blend of experience and high energy for the best move you will ever make, the Heilman Team is eager to assist you with your real estate needs. Give us a call today!

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