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620 7th Street, Pompano Beach, FL 33060
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620 7th Street
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Priced at Only: $1,450,000
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Address: 620 7th Street, Pompano Beach, FL 33060
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  • MLS#: F10521604 ( Residential Income )
  • Street Address: 620 7th Street
  • Viewed: 19
  • Price: $1,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 0
  • Days On Market: 167
  • Additional Information
  • Geolocation: 26 / -80
  • County: Broward
  • City: Pompano Beach
  • Zipcode: 33060
  • Subdivision: Fairview Amd 10 25 B
  • Provided by: RPM LUXE REALTY
  • DMCA Notice
  • 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. Cash Cow!!
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Features
Building and Construction
  • Exterior Features: Balcony
  • Flooring: Ceramic Tile, Tile
  • Roof: Concrete
Utilities
  • Cooling: Other
  • Heating: Separate Meters, Other
  • Sewer: Public Sewer
  • Utilities: Cable Available
Finance and Tax Information
  • Home Owners Association Fee Includes: Hot Water, Sewer, Trash, Water
  • Tax Year: 2024
Other Features
  • Legal Description: FAIRVIEW AMENDED PLAT 10-25 B LOT 12, 13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835
  • Parcel Number: 494202031150
  • Views: 19
  • Zoning Code: B-3
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Headshot for Associate Trudi Geniale
  1. Trudi Geniale, Broker
  2. Tropic Shores Realty
  3. Fax: 800.541.3688
  4. Mobile: 619.578.1100
  5. trudigen@live.com