620 7th Street, Pompano Beach, FL 33060
  • MLS#: F10521604 ( Residential Income )
  • Street Address: 620 7th Street
  • Viewed: 2
  • 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
  • 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!!
Request More Information
  • All fields are required.
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
Liked Listings
Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988