FL > Pompano Beach
Pompano Beach, FL 33060,620 SW 7th Street 1-7
Pompano Beach, FL 33060,620 SW 7th Street 1-7
Pompano Beach, FL 33060,620 SW 7th Street 1-7
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Rich Schildhorn

Rich Schildhorn

+1(561) 702-4676
$1,475,000
Est. payment /mo
0.32 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID F10521593

Total Fin. Sqft 14096

Annual Tax Amount $19,534

Tax Year 2024

Lot Size 0.324 Acres

Property Sub-Type Income/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 County

Area N Broward Dixie Hwy To Turnpike (3411-3432;3531)

Zoning B-3

Interior

Flooring Ceramic Floor, Tile Floors

Building

Foundation Concrete Block Construction

Water Public Water

Others

Security Features Fenced

Acceptable Financing Cash, Conventional/Refinance

Listing Terms Cash, Conventional/Refinance

Virtual Tour https://www.propertypanorama.com/620-SW-7th-Street-17-Pompano-Beach-FL-33060/unbranded

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BeachesMLS Matrix (RAPB-F prefix)
Listed by RPM LUXE REALTY

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Rich Schildhorn

Rich Schildhorn

+1(561) 702-4676

REALTOR® / Owner | License ID: SL649321

REALTOR® / Owner License ID: SL649321

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