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About This Home
This 0-bedroom, 2-bathroom multi-family at 1020 N Riverside Drive in Pompano Beach, FL is listed for $5,750,000 ($540 per sqft). Built in 1964, the home offers 10,642 sqft of living space on a N/A lot.
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!
Key Features
- Built in 1964
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$30,752/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1020 N Riverside Drive
Pompano Beach, FL 33062
POMPANO BY THE SEA
Features & Amenities
Exterior Features
Property Details
Flooring
Views
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 2-bathroom multi-family at 1020 N Riverside Drive is listed at $5,750,000 ($540/sqft). The estimated monthly payment is $24,917 based on 20% down at 6.5% interest.
Key features include: Built in 1964, 2 stories. Exterior Features: Auto Sprinkler, Covered Balcony, Deck.
This property is listed by Sean Mooney and can be reached at 5617897208 or sean.mooney@compass.com.