Pompano Beach, FL 33060 620 SW 7th St 1-7
$1,450,000
13 more
Presented By: This listing is courtesy of RPM LUXE REALTY
Beds • 7
Baths • 7
SQFT • 4,716
Home Details
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 $600. Apartment electricity is metered separately and paid by Tenants. Current 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Presented By: This listing is courtesy of RPM LUXE REALTY
Interior Features for 620 SW 7th St 1-7
Bedrooms
Total Bedrooms7
Bathrooms
Total Baths
General for 620 SW 7th St 1-7
AttributionContact561-929-7317
CityPompano Beach
Construction MaterialsBlock
CountyBroward
Full Baths7
Gross Income123600
HOA Fee$
Legal DescriptionFAIRVIEW AMENDED PLAT 10-25 B LOT 12, 13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835
Listing TermsCash, Conventional
Lot Size Square Feet14096
Lot Size UnitsSquareFeet
MLS Area3431
Net Operating Income94137
Number Of Units Total7
Occupancy TypeTenant
PossessionCloseOfEscrow
PostalCityPompano Beach
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Standard StatusActive
StatusActive
Structure TypeApartment
Tax Annual Amount19534
Unit Number1-7
Virtual TourClick here
Year Built1973
Zoning DescriptionB-3
Exterior for 620 SW 7th St 1-7
Building Area Total4716
Covered Spaces0
Lot Size Area14096
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Christina Marie Diaz
Realtor
