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1020 N Riverside Dr
Pompano Beach, FL 33062 Outer Pompano Beach/Deerfield Beach

$5,995,000 USD

Apartments For Sale • 10,642 SF

Property Details

Property Type Apartments
Total Building Size 10,642 SF
Lot Size 0.58 AC
Building Class C
Year Built 1964
Cap Rate 7.06 %
Zoning RM-20

28 Transit Score

35 Walk Score

                
                    Highlights
                
                                CASH COW APARTMENT BUILDING ON THE BARRIER ISLAND!
                            
                                LESS THAN 300 YARDS FROM POMPANO'S PUBLIC BEACHES
                            
                                ZONING ALLOWS FOR MULTIFAMILY, HOTEL/MOTEL, ASSISTED LIVING FACILITY, ETC.

Property Flyers

1020 N RIVERSIDE DRIVE FINANCIALS

Financial Summary (Proforma)

Net Operating Income: $423,371 USD (2025)

Cap Rate:	7.06 %
Total Expenses:	$163,104 USD

Amenities

24 Hour Access
Pool
Tenant Controlled HVAC
Furnished Units Available
Smoke Free
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	12 min	-	5.4 mi
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	15 min	-	6.9 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	30 min	-	18.1 mi
Palm Beach International	50 min	-	36.3 mi
Miami International	66 min	-	43.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes

Sean Mooney 561-789-7208 Compass

1020 N Riverside Dr Pompano Beach, FL 33062 Outer Pompano Beach/Deerfield Beach