620 SW 7th St # 7, Pompano Beach FL 33060 | Broward County | A11914413
- $1,450,000
- $1,450,000
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!!
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Address
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Address: 7th St
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City: Pompano Beach
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Zip/Postal Code: 33060
Details
Updated on June 8, 2026 at 3:26 am-
Property ID A11914413
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Price $1,450,000
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Year Built 1973
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Property Status Active, Commercial Sale
Additional details
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Annual Tax 19534
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional/Refinance
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Waterfront No
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Construction Concrete Block Construction, CBS Construction
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Building Area 4716
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Unit Number 1-7
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Flood Zone AE,X
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New Construction No
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Association Fee 0
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Lot Size (Sq Ft) 14096
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