Basic Information
- MLS # RX-11155485
- Type Duplex / Quad Plex / Triplex
- Subdivision/Complex Pompano By The Sea
- Year Built 1964
- Total Sqft 10,642
- Date Listed 01/17/2026
- Days on Market 8
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!
Amenities
- Pool
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool Yes
- WF Description None
- Parking Description
- Exterior Features Balcony, Outdoor Living Area
Interior Features
- Adjusted Sqft 10,642Sq.Ft
- Sqft 10,642 Sq.Ft
Property Features
- Aprox. Lot Size 25,048
- Furnished Info No
- Lot Description Sprinklers Automatic
- Short Sale Regular Sale
- HOA Fees N/A
- Subdivision Complex Pompano By The Sea
- Subdivision Info Pompano By The Sea
- Tax Amount $58,197
- Tax Year 2025
1020 N Riverside
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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