620 SW 7th St #1-7Pompano Beach, FL 33060
FAIRVIEW AMENDED PLAT · Broward County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Quadruplex
- Style
- Fourplex
- Year built
- 1974
- Stories
- 2
- Parking spaces
- 9
- Days on market
- 295
- MLS® Listing#
- A11948899
Property Features
- Cooling
- Electric
- Heating
- Other
- Flooring
- Ceramic Tile
- Pool
- None
- Construction
- Block · Concrete
- Roof
- Concrete
- Utilities
- Cable Available
- Sewer
- Public Sewer
Financial Details
- Annual taxes
- $21,212Tax year 2025
- Parcel number
- 494202031150
Listing Courtesy: RPM LUXE REALTY - 561-929-7317
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