Listed By Compass Florida LLC
The Commercial Property for Sale located at 1020 N Riverside Drive, Pompano Beach, Florida 33062 is currently for sale. 1020 N Riverside Drive, Pompano Beach, Florida 33062 is listed for $5,995,000. This property has 29 bathrooms.
$5,995,000 USD
Commercial for Sale, 1020 N Riverside Drive, Pompano Beach, Florida 33062
- MLS#RX-11140438
- Total rooms29
- Minimum sellable space
989 m² (10,642 ft²)
Property features
Property
- Property size:
989 m² (10,642 ft²)
Lot/Land
- Land/Lot size:
2,347 m² (0.58 ac)
Construction
- Year built: 1964
- Roofing: Composition/shingle
Bathrooms
- Total bathrooms: 29
Interior Features
- Floors: TileVinyl
Water and Boating
- Water: Intra Coastal Canal
Security
- Features: Sprinkler SystemSmoke Detector
Heating and Cooling
- Heating system: ElectricCentral
- Cooling system: Electric
Utilities
- Other utilities: City WaterPublic Sewer
Description
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.
Location
1020 N Riverside Drive, Pompano Beach, Florida 33062