620 SW 7th Street, #17, Pompano Beach, FL, 33060
1974
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
B-3
Subdivision:
FAIRVIEW AMENDED PLAT
Heating:
Other, Separate Meters
Cooling:
Electric
Levels:
2
Lot Size:
14,096
Est. Taxes:
$21,212
Construction
Block, CBS
Utilities
Cable Available
Elementary School:
Cypress
Middle School:
Pompano Beach
High School:
Blanche Ely
Days on Market:
166
MLS #:
A11948899
Community Info
School Info
Walk Score
Yelp
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