
Courtesy of: Sean Mooney, Compass Florida LLC, sean@jamesandsean.com
$5,799,000
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2.00 Bath (2 Full)
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Quadruplex
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$5,799,000
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!
Courtesy of: Sean Mooney, Compass Florida LLC, sean@jamesandsean.com
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