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!
For sale
$5,799,000
1020 N Riverside Drive, Pompano Beach, FL 33062
--beds
10,642sqft
Est.:
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$545/sqft
$-- HOA
What's special
- 31 days |
- 369 |
- 14 |
Zillow last checked: 8 hours ago
Listing updated: February 12, 2026 at 04:18am
Listed by:
Sean Mooney 561-789-7208,
Compass Florida LLC
Source: BeachesMLS,MLS#: RX-11155485
Originating MLS: Beaches MLS
Originating MLS: Beaches MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central Building, Central Individual, Electric
Cooling
- Ceiling Fan(s), Central Individual, Electric, A/C Unit
Appliances
- Included: Microwave, Refrigerator
Features
- Kitchen
- Flooring: Tile, Vinyl
- Windows: Complete Impact Glass
Interior area
- Total structure area: 16,086
- Total interior livable area: 10,642 sqft
Property
Parking
- Parking features: Open, Open Parking
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Deck, Open Porch
- Exterior features: Auto Sprinkler, Covered Balcony
- Has private pool: Yes
- Pool features: In Ground, Community
- Fencing: Fenced
- Has view: Yes
- View description: Intracoastal, Ocean
- Has water view: Yes
- Water view: Intracoastal,Ocean
- Waterfront features: None
Lot
- Size: 0.58 Acres
- Features: 1/2 to < 1 Acre
Details
- Parcel number: 484330010670
- Zoning: RM-20
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- CBS
- Roof: Comp Shingle
Condition
- Resale
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Pompano By The Sea
Location
- Region: Pompano Beach
Financial & listing details
- Price per square foot: $545/sqft
- Annual tax amount: $58,197
- Date on market: 1/18/2026
- Listing terms: Cash,Conventional,Owner Will Carry
- Tenant pays: Cable TV
Estimated market value
Not available
Estimated sales range
Not available
$2,394/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/18/2026 | Listed for sale | $5,799,000$545/sqft |
Source:  BeachesMLS #RX-11155485 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$37,985/mo
Principal & interest
$28417
Property taxes
$9568
Climate risks
Neighborhood: Beach
Nearby schools
GreatSchools rating
- 4/10Pompano Beach Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 5/10Pompano Beach Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Blanche Ely High SchoolGrades: 9-12Distance: 2.8 mi
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