1602 N Riverside Drive
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2023 | No longer available | - | |
| No longer available | |||
| Dec 7, 2022 | Listed | $1,080,000 | |
| Listed | |||
| | |||
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Builders and Developers, capture your next high earning investment opportunity here. 8,463sqft RM-20 zoned corner lot, suitable for townhouses or a multifamily building (MF with a 400sqft city variance). This incredible investment opportunity is located 2.6 miles down the A1A from the Ritz Carlton Residences being constructed; one block off the Intracoastal; and two blocks away from the beach. One block north, your tenants can use the canal with boat slips available for rent or purchase. Just 1.5 miles from Lighthouse Point, this quiet neighborhood is perfect for easy Pompano living, home to townhouses, duplexes, and multifamily buildings. From an investment perspective, the neighborhood already renders high rents and high sales, let alone the long-term ROI projected for Pompano Beach.
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| Dec 18, 2018 | Sold | ||
| Sold | |||
| May 18, 2018 | Listed by Millennium Realty of So FL Inc | $599,900 | |
| Listed by Millennium Realty of So FL Inc | |||
| Nov 1, 1991 | Sold | ||
| Sold | |||
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About Wahoo
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$4,500 /mo
- 2 Beds
- 2 Baths
- 1,467 ft²
$2,300 /mo
- 1 Bed
- 1 Bath
- 738 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017