FL > Pompano Beach > Pompano By The Sea Resub
Pompano Beach, FL 33062,1020 N Riverside DR
Pompano Beach, FL 33062,1020 N Riverside DR
Pompano Beach, FL 33062,1020 N Riverside DR
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$5,799,000
Est. payment /mo
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29 Baths
10,642 SqFt
Price Dropped by $196K

1020 N Riverside DR Pompano Beach, FL 33062

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Albert Pavon

Albert Pavon

+1(561) 644-2201

UPDATED:

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 10,642 sqft

Price per Sqft $544

Subdivision Pompano By The Sea Resub

MLS Listing ID RX-11140438

Year Built 1964

Annual Tax Amount $57,978

Tax Year 2024

Lot Size 0.580 Acres

Property Sub-Type MultiFamily (5+ Units)

Property Description

Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 75% 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 rental income (long term rents), with an NOI approaching $425,000 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! Ideally positioned east of the intracoastal and one block from the Intracoastal, the property is walkable to the beach, Pompano Pier, and the newly revitalized Fishing Village.

Location

State FL

County Broward

Area 3113

Zoning RM-20

Interior

Heating Central, Electric, Other

Cooling Central Building, Electric, Other

Flooring Tile, Vinyl Floor

Fireplaces Type Smoke Detector, Sprinkler

Exterior

Utilities Available Public Sewer, Public Water

Waterfront Description Intracoastal

Roof Type Comp Shingle

Building

Story 100.00

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Albert Pavon

Albert Pavon

Broker | BKBK3115993

+1(561) 644-2201

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1020 N Riverside DR

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