Basic Information
- MLS # RX-11140438
- Type Commercial
- Subdivision/Complex Pompano By The Sea Resub
- Year Built 1964
- Date Listed 11/13/2025
- Days on Market 34
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.
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- WF Description Intracoastal Access
- Parking Description
Interior Features
- Adjusted Sqft N/ASq.Ft
- Sqft N/A Sq.Ft
Property Features
- Furnished Info No
- Short Sale Regular Sale
- Subdivision Complex Pompano By The Sea Resub
- Subdivision Info Pompano By The Sea Resub
- Tax Amount $57,978
- Tax Year 2024
1020 N Riverside Dr
Pompano Beach, FL 33062The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida LLC. tel: (561) 286-5166
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