620 Sw 7th St #1-7, Pompano Beach, FL 33060
- $1,450,000
- List Price
- $1,450,000
- Days on Market
- 196
- MLS#
- A11948899
- Year Built
- 1974
- Building Name
- Fairview Amended Plat
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.
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Additional Information
- Taxes
- $21,212
- Community Features
- Fairview Amended Plat
- Property Description
- Quadruplex, Fourplex
- Zoning
- B-3
- Heating
- Other
- Air Conditioning
- Electric
- Exterior Construction
- Concrete Block Construction, CBS Construction
- Roof
- Concrete
Listing Courtesy Of RPM LUXE REALTY, Contact: 561-929-7317