1000-1006 N Riverside Dr - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$5,995,000 USD
561-789-7208
1000-1006 N Riverside Dr, Pompano Beach, FL for Sale
$5,995,000 USD
Apartments - FOR SALE
1/47
null | 5.23% Cap Rate

1000-1006 N Riverside Dr
Pompano Beach, FL 33062
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • OCEAN & INTRACOASTAL VIEWS FROM EVERY UNIT!
  • LESS THAN 300 YARDS FROM POMPANO'S PUBLIC BEACHES
  • ALL UNITS INCLUDE ONE (1) CAR GARAGES, DRIVEWAYS, PRIVATE YARDS, ETC.
  • ROOFTOP DECKS WITH OCEAN VIEWS FROM ALL FOUR UNITS!

OVERVIEW

100% LEASED! CASH COW!! Discover the epitome of modern living in these stunning 4-unit townhomes, perfectly situated just one block from the renowned Pompano Beach. Completed at the end of 2022, these contemporary residences offer a seamless blend of comfort, elegance, and convenience, designed for the discerning buyer. Each townhome features 5 spacious bedrooms and 4 designer bathrooms, thoughtfully designed with high-end finishes and luxury touches throughout. Sunlit interiors create an inviting ambiance, while expansive windows showcase captivating views of the surrounding area. The crown jewel of each unit is the private rooftop patio, where you’ll find breathtaking views of both the intracoastal and the Atlantic ocean. These rooftop retreats are equipped with luxurious jacuzzis, offering an ideal space for relaxation and entertaining. For added indulgence, two of the corner units include private heated pools, enhancing the already lavish lifestyle these properties provide. Located in a highly sought-after neighborhood, these townhomes are just a 3-4 minute walk from the beach, with convenient access to premier dining, shopping, and recreational activities. Don’t miss your chance to own a piece of paradise in the heart of Pompano Beach. All four townhomes are occupied and on two year leases and not expiring until Q3 of 2027! This is the perfect cash cow for any investor looking to passively manage a trophy asset or a buyer looking to close a 1031 out! Monthly gross income is $35k with built in annual rent increases. Call today for more details.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$559 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,498,750

CAP RATE

5.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Seaside Townhome Complex - Pompano

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,042 SF

ZONING

R1

APN/PARCEL ID

48-43-30-01-0831

ASK ABOUT THIS PROPERTY

Sean MooneyColdwell Banker Hometown Real EstateMore Info
561-789-7208

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Sean MooneyColdwell Banker Hometown Real EstateMore Info
561-789-7208

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.