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  • MLS#: F10521604 ( Residential Income )
  • Street Address: 620 7th Street
  • Viewed: 6
  • 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
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  • 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 6.38% 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!!
Property Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee Includes
  1. Hot Water
  2. Sewer
  3. Trash
  4. Water
Close Date
  1. 0000-00-00
Cooling
  1. Other
Flooring
  1. Ceramic Tile
  2. Tile
Heating
  1. Separate Meters
  2. Other
Legal Description
  1. FAIRVIEW AMENDED PLAT 10-25 B LOT 12
  2. 13 BLK 15
  3. TOG WITH POR OF ALLEY VACATED PER OR 4703/835
Parcel Number
  1. 494202031150
Property Type
  1. Residential Income
Roof
  1. Concrete
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Utilities
  1. Cable Available
Virtual Tour Url
  1. https://www.propertypanorama.com/620-SW-7th-St-17-Pompano-Beach-FL-33060/unbranded
Year Built
  1. 1973
Zoning Code
  1. B-3