Income/MultiFamily

620 SW 7th St # 1-7, Pompano Beach, FL 33060
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$1,475,000  Built: 1973
N/A N/A N/A
Type of PropertyIncome/MultiFamily
Style of PropertyApartments
Property Area4716
Living Area 
Price per Ft²N/A
PetsN/A
WaterfrontN/A
PoolN/A
FurnitureN/A
Property description of Income/MultiFamily

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. 38% cap, proforma 7. 79% cap. Seller has done all the hard work for the new buyer! Collect income right away with no work needed. Cash cow!!

Exterior Features
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Interior Features
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Amenities
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Equipment/Appliances
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Property Features
Name 
MLSA11914413
ForeclosureN/A
Short SaleN/A
Parking 
Parking Restrictions 
Parking Spaces 
Approx. Ft² 
Approx. Lot Size 
Boat Dock 
Last Update1 minute
Pet Restrictions 
Floor Number 
Cooling Description 
Heating Description 
View 
Construction 
Flooring Type 
Maintenance Fees 
Taxes$19,534
Property contact form
Gladys Martinez PA
Gladys Martinez PA305-321-7889gmrealtor7@gmail.com
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MLS Data Source: Miami Association of REALTORS. Copyright SEFMLS © 2025
Listing is a courtesy of RPM LUXE REALTY. Office (rodgermorelli@gmail.com, 561-929-7317). Agent (info@rpmluxe.com, 561-929-7317).
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

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