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!!
- State:
- FL
- County:
- Broward
- City:
- Pompano Beach
- Zipcode:
- 33060
- Street:
- 620 Sw 7th St 1-7, Pompano Beach, Florida 33060
- Longitude:
- W81° 52' 30.8''
- Latitude:
- N26° 14' 16.3''
- Building Area:
- 4,716 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 103
- DOM:
- 103
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Parcel Number:
- 494202031150
- Structure Type:
- Apartment
- Tax Annual Amount:
- $19,534
- Virtual Tour:
- Click Here
Commercial Sale For Sale
620 Sw 7th St 1-7, Pompano Beach, Florida 33060, Pompano Beach, Florida 33060
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,450,000
- Year Built :
- 1973
- Lot Area :
- 14,096 Sqft
- MLS # :
- A11914413
- Property Sub Type :
- Multi Family
