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- 620 7th Street, Pompano Beach, FL 33060
- MLS#: F10521604 ( Residential Income )
- Street Address: 620 7th Street
- Viewed: 7
- Price: $1,475,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 0
- Additional Information
- Geolocation: 26 / -80
- County: BROWARD
- City: Pompano Beach
- Zipcode: 33060
- Subdivision: Fairview Amd 10 25 B
- Provided by: RPM LUXE REALTY
- DMCA Notice
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DescriptionAmazing 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!!
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Property Features
Possible Terms
- Cash
- Conventional
Home Owners Association Fee Includes
- Hot Water
- Sewer
- Trash
- Water
Close Date
- 0000-00-00
Cooling
- Other
Flooring
- Ceramic Tile
- Tile
Heating
- Separate Meters
- Other
Legal Description
- FAIRVIEW AMENDED PLAT 10-25 B LOT 12
- 13 BLK 15
- TOG WITH POR OF ALLEY VACATED PER OR 4703/835
Parcel Number
- 494202031150
Property Type
- Residential Income
Roof
- Concrete
Sewer
- Public Sewer
Tax Year
- 2024
Utilities
- Cable Available
Virtual Tour Url
- https://www.propertypanorama.com/620-SW-7th-St-17-Pompano-Beach-FL-33060/unbranded
Year Built
- 1973
Zoning Code
- B-3
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