620 SW 7th St #1-7, Pompano Beach, FL 33060
620 SW 7th St #1-7, Pompano Beach, FL 33060
620 SW 7th St #1-7, Pompano Beach, FL 33060
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$1,450,000
Est. payment /mo
4,716 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,716 sqft

Price per Sqft $307

MLS Listing ID A11914413

HOA Y/N Yes

Year Built 1973

Annual Tax Amount $19,534

Lot Size 0.324 Acres

Property Sub-Type 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 6.5% 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

Zoning B-3

Exterior

Private Pool Yes

Building

Structure Type Block

Others

Tax ID 494202031150

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11914413

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by RPM LUXE REALTY

Nearby Locations

Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

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620 SW 7th St #1-7