620 SW 7th Street 1-7, Pompano Beach, FL 33060
620 SW 7th Street 1-7, Pompano Beach, Broward, FL 33060
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!!
F10521604
MLSⓇ ID
133
Days On Market
1973
Property Year
Structure Type
Features and Amenities
Property Map
Map
Disclaimer
Property ID - F10521604
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Data last updated 12:00 PM EST, 10/30/2025
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