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Jen Konikoff

jk@jenkonikoff.com +1(954) 529-7240

Listed by Compass Florida LLC

$ 5,799,000

Est. payment -/mo

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Price Dropped by $196K

1020 N Riverside DR Pompano Beach, FL 33062

29 Baths

10,642 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 10,642 sqft

Price per Sqft $544

Subdivision Pompano By The Sea Resub

MLS Listing ID RX-11140438

Year Built 1964

Annual Tax Amount $57,978

Tax Year 2024

Lot Size 0.580 Acres

Property Sub-Type MultiFamily (5+ Units)

Property 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

State FL

County Broward

Area 3113

Zoning RM-20

Interior

Heating Central, Electric, Other

Cooling Central Building, Electric, Other

Flooring Tile, Vinyl Floor

Fireplaces Type Smoke Detector, Sprinkler

Exterior

Utilities Available Public Sewer, Public Water

Waterfront Description Intracoastal

Roof Type Comp Shingle

Building

Story 100.00

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/1020-N-Riverside-Drive-Pompano-Beach-FL-33062/unbranded

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

7

McNab Elementary School

Public | KG - 5
6

Palmview Elementary School

Public | PK - 5
6

Tedder Elementary School

Public | PK - 5
5

Cypress Elementary School

Public | PK - 5
5

Sanders Park Elementary School

Public | PK - 5
4

Somerset Pines Academy

Public | KG - 8
4

Norcrest Elementary School

Public | KG - 5
3

Pompano Beach Elementary School

Public | PK - 5
3

Cresthaven Elementary School

Public | PK - 5
0

Pine Crest School

Private | PK - 12
0

Hi Tech Kidz Kollege

Private | PK - 2
0

St Coleman School

Private | PK - 8
0

Rhema Word Christian Academy

Private | KG - 12
0

Broward Children's Center North

Public | PK - 12
0

Bb International Preschool and Kindergarten

Private | PK - KG
0

Green Children's House

Private | PK - KG
0

Cornerstone Preschool Llc

Private | PK - 1
0

Lighthouse Christian School

Private | KG - 8
0

Bright Horizons

Public | KG - 12
0

Trinity Christian School

Private | KG - 5

Middle Schools 4

4

Pompano Beach Middle School

Public | 6 - 8
3

James S. Rickards Middle School

Public | 6 - 8
3

Crystal Lake Middle School

Public | 6 - 8
0

Dave Thomas Education Center

Public | 6 - 12

High Schools 2

9

Pompano Beach High School

Public | 9 - 12
2

Blanche Ely High School

Public | 9 - 12

School and business data provided by Attom Data.

Jen Konikoff

Agent | License ID: SL3423159

+1(954) 529-7240 | jk@jenkonikoff.com

Jen Konikoff

1020 N Riverside DR Pompano Beach, FL 33062

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1020 N Riverside DR