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1020 N Riverside Drive, Pompano Beach, FL 33062

Pompano Beach
Local realty services provided by:CENTURY 21 Move With Us
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:72 day(s) ago
  • Updated:March 31, 2026 at 09:34 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
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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