Pompano Beachside Multifamily Complex 1020 N Riverside Dr Services hôteliers 22 chambres 5 609 547 € (254 979 €/Chambre) Taux de capitalisation 6,49 % Pompano Beach, FL 33062

Incredible opportunity to acquire a 24-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 50% leased and in the process of being fully stabilized, offering immediate upside for investors. At full occupancy, the asset is projected to gross nearly $50,000 per month in rental income (annual rentals), with a net operating income approaching $400,000 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. This area has become a destination with major public and private investment pouring in, including high-end residential towers, hotel-branded residences, and infrastructure upgrades, including marquee projects like the Waldorf Astoria Residences (70?% presold), Ritz-Carlton and Armani/Casa towers, Salato condos, and Mayla multifamily communities — underscoring strong investor confidence. Pompano Beach’s transformation into a premier coastal hotspot makes this an attractive long-term hold.
With strong fundamentals, a desirable location, and significant income potential, this is a rare opportunity to invest in one of South Florida’s most exciting and fast-growing beachfront markets. Property is projected at a cap rare of 6.50% once property is fully leased out and stabilized. Contact today for more details.