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$ 1,475,000
Est. payment /mo
Active
620 SW 7th St #1-7 Pompano Beach, FL 33060
4,716 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,716 sqft
Price per Sqft $312
MLS Listing ID A11914413
HOA Y/N No
Year Built 1973
Annual Tax Amount $19,534
Lot Size 0.324 Acres
Property Sub-Type 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 $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!!
Location
State FL
County Broward
Area 3431
Exterior
Private Pool Yes
Others
Tax ID 494202031150
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11914413
Listed by RPM LUXE REALTY
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