Pompano Beach, FL 33060 620 SW 7th Street
$1,450,000
9 more
Presented By: RPM LUXE REALTY
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 $600. Apartment electricity is metered separately and paid by Tenants. Current 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Presented By: RPM LUXE REALTY
Interior Features for 620 SW 7th Street
Bathrooms
Total Baths
Other Interior Features
FlooringCeramicTile, Tile
General for 620 SW 7th Street
CityPompano Beach
Construction MaterialsBlock
CountyBroward
Gross Income123600
HOA Fee$
Legal DescriptionFAIRVIEW AMENDED PLAT 10-25 B LOT 12, 13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835
Lot Size Square Feet14096.02
MLS Area3431
Net Operating Income94137
PossessionCloseOfEscrow
PostalCityPompano Beach
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Standard StatusActive
StatusActive
Tax Annual Amount19534
Tax Year2024
Virtual TourClick here
Exterior for 620 SW 7th Street
FencingFenced
Lot Size Acres0.32
Lot Size Area14096
Parking FeaturesAssigned
Road Frontage TypeCityStreet
Total Parking9
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Christian Hernandez
Realtor®
