620 SW 7th St 1-7 new Save Request In-Person Tour Request Virtual Tour
Pompano Beach,FL 33060
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,716 sqft
Price per Sqft $318
Subdivision Fairview Amd 10-25 B
MLS Listing ID F10521604
Style Fourplex
Year Built 1973
Annual Tax Amount $19,534
Tax Year 2024
Property Sub-Type Fourplex
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 $35,163 which include Property Taxes:$19543, Water/Sewer:$7200, Insurance $5000, Lawn $720. Electric is paid by Tenants. Current 6.04% cap , ProForma 7.40% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Location
State FL
County Broward County
Area N Broward Dixie Hwy To Turnpike (3411-3432;3531)
Zoning B-3
Interior
Heating Other
Cooling Other
Flooring Ceramic Floor,Tile Floors
Exterior
Roof Type Concrete Roof
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 2.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition As Is
Virtual Tour https://www.propertypanorama.com/620-SW-7th-St-17-Pompano-Beach-FL-33060/unbranded