620 SW 7th St #1-7, Pompano Beach, FL 33060

About This Home

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.

Property Details

Flooring

Ceramic Floor

Heating

Other

Cooling

Electric

Architectural Style

Other

Building & Association

Building Name

FAIRVIEW AMENDED PLAT

Stories

2

Stories Total

2

Association

No

Lot & Construction

Lot Features

1/4 To Less Than 1/2 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Concrete

New Construction

No

Public Records

Parcel Number

494202031150

Tax Annual Amount

$21,212

Tax Year

2,025

Zoning

B-3

County Or Parish

Broward County

Location