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1020 N RIVERSIDE DR
POMPANO BEACH, FL 33062
Asking Price
$5.50M
Cap Rate
6.3%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Prime Barrier Island Multifamily/Hospitality Asset On 0.57 Acres <ul><li>Large 0.57-Acre Site East Of The Intracoastal Waterway</li><li>Flexible Income Strategy With Both Annual And Short-Term Rental Operations</li><li>Three-Building Layout With Clubhouse/Common Area</li><li>On-Site Pool And Laundry Facilities</li><li>Located Minutes From Pompano Beach, The Pier, And Fishing Village</li><li>Positioned Near Significant Luxury Residential And Hospitality Redevelopment</li></ul>
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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989
