1020 N Riverside Drive Pompano Beach, FL 33062

AGENT'S REMARKS ABOUT 1020 N RIVERSIDE DRIVE

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!