620 SW 7th ST, Pompano Beach, FL 33060
620 SW 7th ST, Pompano Beach, FL 33060
620 SW 7th ST, Pompano Beach, FL 33060
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Alan Brandfon

Alan Brandfon

+1(561) 212-8808
$1,450,000
Est. payment /mo
4,716 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Hold

Purchase Type For Sale

Square Footage 4,716 sqft

Price per Sqft $307

Subdivision Fairview Amd 10-25 B

MLS Listing ID F10521604

Construction Status Resale

HOA Y/N No

Year Built 1973

Annual Tax Amount $19,534

Tax Year 2024

Property Sub-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. Cash Cow!!

Location

State FL

County Broward

Area 3431

Interior

Heating Other, Separate Meters

Cooling Other

Flooring Ceramic Tile, Tile

Fireplace No

Exterior

Exterior Feature Balcony

Utilities Available Cable Available

Roof Type Concrete

Porch Porch, Balcony

Private Pool No

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Sewer Public Sewer

New Construction No

Construction Status Resale

Others

Pets Allowed No

HOA Fee Include Hot Water,Sewer,Trash,Water

Tax ID 494202031150

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

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BeachesMLS, Inc. (FLR) VOW
Listed by Rodger P Morelli, MBA RPM LUXE REALTY

Nearby School & Business

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Alan Brandfon

Alan Brandfon

+1(561) 212-8808

REALTOR® | License ID: 3261084

REALTOR® License ID: 3261084

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