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$ 1,450,000
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 $307
MLS Listing ID A11914413
HOA Y/N Yes
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 6.5% 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!!
Location
State FL
County Broward
Area 3431
Zoning B-3
Exterior
Private Pool Yes
Building
Structure Type Block
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