620 SW 7th Street 1-7

Pompano Beach, FL 33060
  • $1,475,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 4,716

    SqFt

About the Listing 276548028 - 63059403

Amazing 7 Unit Multifamily Jewel Available! New Roof and New Impact Windows, 100% occupied with long term tenants since the owner purchased the building and updated. The unit mix consists of 3 - 2/1's , 3 - 1/1's and 1 large studio. Easy rent collection and Seller also easily self-manages the property. The Current Gross Income is $123,600. There is room to increase the rents and the Projected Gross Income will be $147,000. Annual Expenses are $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.38% cap, ProForma 7.79% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!

Listing Highlights

Status Active
Days on Site 114
Property Type Multi-Family
MLS ® F10521604
Year Built 1973
Total Square Footage 4,716
Lot/Acreage N/A
County Broward
Area 3431

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor: Ceramic Tile,Tile
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Lot Description: 1/4 to 1/2 Acre Lot
  • Garage Capacity: N/A
  • Parking Spaces: 9
  • Zoning: B-3
  • Roof: Concrete
  • Others:
  • Sewer: Public Sewer

Financial Details

  • Tax Amount: $19,534
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 494202031150
  • Tax Year: 2024

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Questions About..

620 SW 7th Street 1-7 Pompano Beach, FL 33060

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Originating MLS: FTL

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