Multi-Family

116 South Riverside Drive

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Property Snapshot

Address
116 South Riverside Drive
Pompano Beach, FL 33062
Purchase Price
$4,735,000.00
Number of Units
24
Projected IRR
31.21%

Originally built in 1970, the property is located just steps from the Ocean and the Intracoastal, and a short walk to the Pompano Beach Pier which hosts multiple restaurant/bar venues as well as shopping, galleries, and sportfishing.

The subject property has a total of 24 units with a mix of 8 studios, and 16 Two Bed + 1 Bath units, all fully furnished with kitchens. It also has 30 parking spaces along with central A/C, pool with waterfall, elevator, and premium tropical landscaping. All the 24 units function as vacation/short-term rentals and are marketed on over 100 online travel sites.

See website: www.riversidepompano.com