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1020 N Riverside Drive Pompano Beach, FL $ 5,799,000
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1020 N Riverside Drive
$ 5,799,000
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1020 N Riverside Drive

Pompano Beach, FL, 33062
$ 5,799,000
Baths2.0 Sq 10,642

Monthly Estimate*

$ 35,705

1020 N Riverside Drive, Pompano Beach, FL 33062 - Image 1
Studio

Multi-Family Home for sale in Pompano Beach, FL

for $5,799,000 with 2 full baths. This 10,642 square foot home was built in 1964 on a lot size of 0.575023.

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!

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Multi-Family Active

Price

$ 5,799,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 58,197

Style

Quad Plex

Lot Size

0.575023

Year Built

1964

Town/City

Pompano Beach

County/Region

Broward

MLS | Web ID

RX11155485
Features
Exterior
Lot Description 1/2 to < 1 Acre
Exterior Amenities Auto Sprinkler Covered Balcony Deck Fence Open Porch
Waterfront No None
Private Pool Y/N Yes
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General
Construction CBS
Heating Central Building Central Individual Electric
Cooling Ceiling Fan Central Individual Electric
Utilities Public Sewer Public Water
Possession At Closing Funding
Roof Comp Shingle
Zoning RM-20
HOA None
Status Active
Year Built 1964
REO No
Subdivision POMPANO BY THE SEA
View Intracoastal Ocean
Stories Count 2.0
Type Quad Plex
Property Type B
Area 3113
Auction No
Development Name POMPANO BY THE SEA
Tax Year 2025
Terms Considered Cash Conventional Owner
Gated Community No
Short Sale No
Restrict Maximum # Vehicles None
Special Info Sold As-Is
Taxes 58197.10
Adult 55+ No Hopa
Geo Area NBEA
Legal Description POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'' BLK 8
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Interior
Flooring Tile Vinyl Floor
SqFt - Living 10642.00
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Internal Only
OriginalMLSID RX-11155485
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* Excluded Features
List By
Sean Mooney

Listing Agent

Compass Florida Llc

Broker

sean@jamesandsean.com

Email

Affordability Calculator

$40,555
Per Month
88%
12%
0%
Monthly Principal & Interest
$35,705
Monthly Property Taxes
$4,850
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
368239 Elementary School
368240 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/18/2026 $5,799,000 Listed Price

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1020 N Riverside Drive, Pompano Beach, FL, 33062 is a Multi-Family Home for sale at $5,799,000 with 10,642 sqft and a lot size of 0.575023. 1020 N Riverside Drive is a studio with 2.0 baths and was built in 1964. The property's zip code is 33062 which is in Pompano Beach, FL

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