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620 SW 7th Street 1-7 Pompano Beach, FL 33060
0.32 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10521593
Total Fin. Sqft 14096
Annual Tax Amount $19,534
Tax Year 2024
Lot Size 0.324 Acres
Property Sub-Type Income/Multi-Family
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
Flooring Ceramic Floor, Tile Floors
Building
Foundation Concrete Block Construction
Water Public Water
Others
Security Features Fenced
Acceptable Financing Cash, Conventional/Refinance
Listing Terms Cash, Conventional/Refinance
Virtual Tour https://www.propertypanorama.com/620-SW-7th-Street-17-Pompano-Beach-FL-33060/unbranded
Listed by RPM LUXE REALTY