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$ 1,450,000
Est. payment /mo
Hold
620 SW 7th ST Pompano Beach, FL 33060
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Hold
Purchase Type For Sale
MLS Listing ID F10521593
HOA Y/N No
Annual Tax Amount $19,534
Tax Year 2024
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Multi Family
Property Description
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!!
Location
State FL
County Broward
Area 3431
Region Pompano Beach
City Region Pompano Beach
Interior
Flooring Ceramic Tile, Tile
Fireplace No
Exterior
Parking Features Assigned
Fence Fenced
Water Access Desc Public
Road Frontage City Street
Total Parking Spaces 9
Building
Water Public
Others
Pets Allowed No
Tax ID 494202031150
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/620-SW-7th-Street-17-Pompano-Beach-FL-33060/unbranded
Listed by Rodger P Morelli, MBA RPM LUXE REALTY
NEARBY SCHOOLS & PROPERTIES
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