Riverside Apartments by the Beach is a multifamily property located on the shores of Pompano Beach, Florida, recognized as "the Heart of the Gold Coast." Comprehensively renovated in 2019, the CapEx plan encompassed upgrades to living areas, kitchen and dining spaces, and bathrooms. Laundry facilities are onsite, and apartments are stocked with sheets, towels, iron and ironing board, pots & pans, silverware, plates, cups, and cooking utensils. The attractive, expansive layout and self-contained floor plans attract extended stay visitors, as well as guests, from all over the world. The building’s original 20-unit mix has been modified to create 24 units comprised of 16, 2BD1BA units and eight studio units. This modification is ideal for operations as a short-term vacation rental property. Each apartment is within walking distance to the beach and includes access to a onsite amenities, including a heated outdoor pool, garden area, tikis, and the pond. Unique landscaping that allows for resort feel and privacy with a abundant parking. This property also has a rare Community Business (B-2) zoning, that allow for various commercial uses and residential, including B&B, eating/drinking establishments, mixed-use and hotel. This property is also located in the Atlantic Boulevard Overlay District (AOD). The property is currently operated as short-term vacation rental property. Riverside Apartments are strategically located in a rapid growth metro. Several new condo/apartment projects and retail/restaurant buildings are in the pipeline or being proposed. Construction is currently underway for the Harbor NYC restaurant, positioned directly next to the property.
