- MLS® #: RX-11155485
- 1020 N Riverside Drive
- Pompano Beach, FL 33062
- $5,799,000
- 2 Bath, 16,086 SqFt
- Multi-Unit
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!
Essential Information
- MLS® #RX-11155485
- Price$5,799,000
- CAD Dollar$7,858,950
- UK Pound£4,237,347
- Euro€4,868,405
- HOA Fees0.00
- Bathrooms2.00
- Full Baths2
- Square Footage16,086
- Year Built1964
- TypeMulti-Unit
- Sub-TypeQuad Plex
- RestrictionsNone, Maximum # Vehicles
- StyleNo
- StatusActive
Community Information
- Address1020 N Riverside Drive
- Area3113
- SubdivisionPOMPANO BY THE SEA
- DevelopmentPOMPANO BY THE SEA
- CityPompano Beach
- CountyBroward
- StateFL
- Zip Code33062
Amenities
- UtilitiesPublic Water, Public Sewer
- ViewIntracoastal, Ocean
- WaterfrontNone
- Has PoolYes
- PoolInground
Interior
- # of Stories2
Heating
Central Building, Central Individual, Electric
Cooling
Ceiling Fan, Central Individual, Electric
Exterior
- Lot Description1/2 to < 1 Acre
- RoofComp Shingle
- ConstructionCBS
Exterior Features
Auto Sprinkler, Covered Balcony, Deck, Fence, Open Porch
- Office: Compass Florida Llc
Property Location
1020 N Riverside Drive on www.jupiteroceanfronthomes.us
Offered at the current list price of $5,799,000, this home for sale at 1020 N Riverside Drive features 0 bedrooms and 2 bathrooms. This real estate listing is located in POMPANO BY THE SEA of Pompano Beach, FL 33062 and is approximately 16,086 square feet. 1020 N Riverside Drive is listed under the MLS ID of RX-11155485 and has been available through www.jupiteroceanfronthomes.us for the Pompano Beach real estate market for 23 days.
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Listing information last updated on February 10th, 2026 at 9:34am CST.