620 SW 7th St #1-7, Pompano Beach FL 33060

For sale Days on market 80

FAIRVIEW AMENDED PLAT [ Quadruplex ]

$1,450,000

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Overview

Year Built

1974

Property Type

Quadruplex

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.

Property Details

MLS#

A11948899

Total Floor in Bldg

Building

FAIRVIEW AMENDED PLAT

Address

620 7th St #1-7 SW

City

Pompano Beach

State/county

Zip/Postal Code

33060

Area

Fairview Amended Plat

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$21,212

Maint Fee

$--

Tax Year

2025

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