1020 N Riverside Drive Pompano Beach, FL 33062
- Added:
- Nov 13, 2025
- Days on Market:
- 157
- Last Refresh:
- Apr 19 at 2:06 am
Property Features for 1020 N Riverside Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-20
- Bathrooms
- 29
- Rooms
- Bathroom 27, Bathroom 10, Bathroom 11, Bathroom 4, Bathroom 22, Bathroom 16, Bathroom 7, Bathroom 24, Bathroom 13, Bathroom 20, Bathroom 26, Bathroom 12, Bathroom 9, Bathroom 18, Bathroom 21, Bathroom 1, Bathroom 15, Bathroom 5, Bathroom 25, Bathroom 3, Bathroom 14, Bathroom 23, Bathroom 2, Bathroom 28, Bathroom 6, Bathroom 17, Bathroom 8, Bathroom 19, Bathroom 29
- Standard status
- Active
- APN
- 484330010670
- Size
- 10,642 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
- Tax Annual Amount
- 57978
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1964
- Floors in Building
- 2
- Number of units
- 28
- Flooring type
- Vinyl, Tile
- Roof type
- Composition
Listing agent Sean Mooney License #3366223 (561) 789-7208
Listing office Compass Florida LLC 403 N Swinton Avenue, Miami Beach, FL (561) 300-6056
Listing date Nov 13, 2025
MLS# R11140438
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pompano Beach Multifamily Investment
This 28-unit multifamily property is located in Pompano Beach, Florida, steps from the beach. The property is approximately 75% leased and in the process of being fully stabilized, offering immediate upside for investors. The unit mix consists of approximately 23 studios, each with its own kitchenette and full bathroom. The remaining five units consist of four oversized studios and one 1-bedroom, 1-bathroom unit. The studio units are rented on long-term (annual) leases. The property is east of the Intracoastal Waterway and one block from the Intracoastal, walkable to the beach, Pompano Pier, and the revitalized Fishing Village. The area has become a destination with major public and private investment, including high-end residential towers, hotel-branded residences, and infrastructure upgrades. The property is projected at a cap rate of 7.25% once fully leased and stabilized. The property is located on a lot that is 0.58 acres and the building size is 10,642 square feet. The zoning is RM-20. At full occupancy, the asset is projected to gross $50,000 per month in rental income, with an NOI approaching $425,000 annually.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.089267
- Latitude
- 26.247249
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 28-unit multifamily property steps from the beach in Pompano Beach.
Where is this apartment building located?
The property is located at 1020 N Riverside Drive Pompano Beach, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: High‑Yielding Investment: Projected $425,000 annual NOI and a 7.25% cap rate once fully leased and stabilized.; Prime Beachfront Location: Situated less than 300 yards from Pompano's public beaches with intracoastal and ocean views.; Immediate Upside Potential: Property is approximately 75% leased and in the process of being fully stabilized, offering immediate income growth.
