Contact Joseph Treanor
Schedule A Showing
1020 Riverside Drive, Pompano Beach, FL 33062
Priced at Only: $5,750,000
For more Information Call
Mobile: 352.442.9523
Address: 1020 Riverside Drive, Pompano Beach, FL 33062
Property Location and Similar Properties
Reduced
- MLS#: R11155485 ( Residential Income )
- Street Address: 1020 Riverside Drive
- Viewed: 10
- Price: $5,750,000
- Price sqft: $357
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 16086
- Total Baths: 2
- Days On Market: 7
- Additional Information
- Geolocation: 26 / -80
- County: Broward
- City: Pompano Beach
- Zipcode: 33062
- Subdivision: Pompano By The Sea
- Elementary School: Pompano Beach
- Middle School: Pompano Beach
- High School: Blanche Ely
- Provided by: Compass Florida LLC
- DMCA Notice
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DescriptionRARE 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 annuallymaking 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
Possible Terms
- Cash
- Conventional
- Owner Will Carry
Association Amenities
- Pool
Close Date
- 0000-00-00
Cooling
- Ceiling Fan(s)
- Central Individual
- Electric
Exterior Features
- Balcony
Fencing
- Fenced
Flooring
- Tile
- Vinyl
Heating
- Central Building
- Central Individual
- Electric
High School
- Blanche Ely
Legal Description
- POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B''
- BLK 8
Middle School
- Pompano Beach
Parcel Number
- 484330010670
Pool Features
- In Ground
Property Type
- Residential Income
Roof
- Composition
School Elementary
- Pompano Beach
Sewer
- Public Sewer
Tax Year
- 2025
Tenant Pays
- Cable TV
Utilities
- Sewer Available
- Water Available
Views
- 10
Water Source
- Public
Year Built
- 1964
Zoning Code
- RM-20
- Joseph Treanor
- Tropic Shores Realty
- If I can't buy it, I'll sell it!
- Mobile: 352.442.9523
- 352.442.9523
- joe@jetsellsflorida.com




