620 SW 7th St 1-7 Pompano Beach, FL 33060
Single Family Attached
MLS #: A11914413
Courtesy Of RPM LUXE REALTY
Property InformationDescription
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 6.38% cap, ProForma 7.79% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 7
- Legal Description: FAIRVIEW AMENDED PLAT 10-25 B LOT 12,13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835
- MLSID: A11914413
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