1020 N Riverside Drive, Pompano Beach, FL 33062

Local realty services provided by:Reliant Realty ERA Powered
1020 N Riverside Drive,Pompano Beach, FL 33062
$5,799,000
  • - Beds
  • 2 Baths
  • 10,642 sq. ft.
  • Multi-family
  • Active
Listed by: sean mooney, james lopez
Office: compass florida llc.
MLS#:R11155485
Source:RMLS

Price summary

  • Price:$5,799,000
  • Price per sq. ft.:$360.5

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:13 day(s) ago
  • Updated:February 01, 2026 at 04:11 PM

Rooms and interior

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

Heating and cooling

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

Structure and exterior

  • Roof:Composition
  • Year built:1964
  • Building area:10,642 sq. ft.
  • Lot area:0.58 Acres

Utilities

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

Finances and disclosures

  • Price:$5,799,000
  • Price per sq. ft.:$360.5
  • Tax amount:$58,197 (2025)
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