620 SW 7th Street #1-7
Pompano Beach, FL 33060
#FX-10521593
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 $35,163 which include Property Taxes:$19543, Water/Sewer:$7200, Insurance $5000, Lawn $720. Electric is paid by Tenants. Current 6.04% cap , ProForma 7.40% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Property Details
- Property SubtypeMultiFamily (5+ Units)
- Property TypeMulti-Family
- Utility FeaturesPublic Water
- MLS #FX-10521593
- MLS #FX-10521593
- Original List Price$1,500,000
- CountyBroward
- Taxes Annual$19,534
- Cost1500000
- ZoningB-3
Location
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Rodger P Morelli (#63059403)
Listing Office: RPM LUXE REALTY (#276548028)
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