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Luxury Seaside Townhome Complex - Pompano 1000-1006 N Riverside Dr 4 Unit Apartment Building $8,368,541 CAD ($2,092,135 CAD/Unit) 5.32% Cap Rate Pompano Beach, FL 33062
INVESTMENT HIGHLIGHTS
- OCEAN & INTRACOASTAL VIEWS FROM EVERY UNIT!
- ALL UNITS INCLUDE ONE (1) CAR GARAGES, DRIVEWAYS, PRIVATE YARDS, ETC.
- LESS THAN 300 YARDS FROM POMPANO'S PUBLIC BEACHES
- ROOFTOP DECKS WITH OCEAN VIEWS FROM ALL FOUR UNITS!
EXECUTIVE SUMMARY
100% LEASED! CASH COW! ALL FOUR (4) UNITS ARE LEASED UNTIL AUGUST OF 2027
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.
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.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$586,286
|
$56.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$586,286
|
$56.03
|
| Taxes |
$120,736
|
$11.54
|
| Operating Expenses |
$20,361
|
$1.95
|
| Total Expenses |
$141,097
|
$13.48
|
| Net Operating Income |
$445,190
|
$42.54
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $586,286 |
| Annual Per SF | $56.03 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $586,286 |
| Annual Per SF | $56.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $120,736 |
| Annual Per SF | $11.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,361 |
| Annual Per SF | $1.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $141,097 |
| Annual Per SF | $13.48 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $445,190 |
| Annual Per SF | $42.54 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Bay Window
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Deck
- Dining Room
- Island Kitchen
- Large Bedrooms
- Floor to Ceiling Windows
SITE AMENITIES
- 24 Hour Access
- Pool
- Waterfront
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+4 | 4 | $12,214 CAD | 2,616 |
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Luxury Seaside Townhome Complex - Pompano | 1000-1006 N Riverside Dr
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