906 N Riverside Dr, Pompano Beach, FL 330629 Units | Multifamily Property | Outer Pompano Beach/Deerfield BeachNORTH OCEAN PLACE

O F F E R I N G F L Y E R

Sale Price: $1,400,000

Price / Unit: $155,556

Number of Units: 9

Annual Rental Pro Forma Cap Rate: 6.38%

Daily Rental Pro Forma Cap Rate: 12.7%

Annual Rental Pro Forma NOI: $89,265

Daily Rental Pro Forma NOI: $177,732

Year Built: 1955

Lot Size: 0.2 Acres

THE OFFERING INVESTMENT HIGHLIGHTS

• 9 Unit Value Add Opportunity Located Between The Intracoastal & The Ocean In Pompano Beach

• AAA Location In Walking Distance To Pompano Beach

• Recent Renovations Consisting Of New Flooring, Roof, Some Updated Bathrooms, And Kitchens

• Ideal Location To Run As Either Annual Or Daily Rentals

• In Walking Distance To The Newly Developed Fishing Village & Fishing Pier

• Surrounded By Major Highways Such As A1A, Atlantic Blvd, Riverside Dr, And US Federal Hwy 1

• The Property Sits A Block Off Of A1A Which Provides Easy Access To All Major Highways

CONTACT USRYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUSAssociate Senior Associate Senior Associate Associate SVP, Investment Sales954.312.1678 954.660.9813 954.312.1677 954.312.1676 954.671.1821ryan.wold@franklinst.com aj.stanford@franklinst.com dan.dratch@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

POMPANO BEACH

INTERCOASTAL WATERWAY

BEACH ACCESS

N RIVERSIDE DR

DOWNTOWN FT. LAUDERDALE

INTERCOASTAL WATERWAY

POMPANO BEACH PIER / FISHING VILLAGE

N RIVERSIDE DR

ATLANTIC BLVD

N RIVERSIDE DR

POMPANO BEACH FORT LAUDERDALE MARRIOTT POMPANO BEACH RESORT & SPA

RESIDENCE INN BY MARRIOTLIGHTHOUSE POINTE

BEACH ACCESS

RYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUSAssociate Senior Associate Senior Associate Associate SVP, Investment Sales954.312.1678 954.660.9813 954.312.1677 954.312.1676 954.671.1821ryan.wold@franklinst.com aj.stanford@franklinst.com dan.dratch@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

NORTH OCEAN PLACECOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION