1020 N Riverside Drive, Pompano Beach, FL 33062

Pompano Beach
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
1020 N Riverside Drive,Pompano Beach, FL 33062
$5,750,000
  • - Beds
  • 2 Baths
  • 10,642 sq. ft.
  • Multi-family
  • Active
Listed by: sean mooney
Office: compass florida llc.
MLS#:R11155485
Source:RMLS

Price summary

  • Price:$5,750,000
  • Price per sq. ft.:$357.45

About this home

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!

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Home facts

  • Year built:1964
  • Listing ID #:R11155485
  • Added:57 day(s) ago
  • Updated:March 17, 2026 at 02:54 PM

Rooms and interior

  • Total bathrooms:2
  • Flooring:Tile, Vinyl
  • Living area:10,642 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1964
  • Building area:10,642 sq. ft.
  • Lot area:0.58 Acres
  • Construction Materials:Block
  • Exterior Features:Deck, Porch

Schools

  • High school:Blanche Ely
  • Middle school:Pompano Beach
  • Elementary school:Pompano Beach

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$5,750,000
  • Price per sq. ft.:$357.45
  • Tax amount:$58,197 (2025)

Features and amenities

  • Pool features:Association, In Ground, Pool
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