620 7th Street, Pompano Beach, FL 33060
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  • MLS#: F10521604 ( Residential )
  • Street Address: 620 7th Street
  • Viewed: 19
  • Price: $1,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 0
  • Garage / Parking Spaces: 1
  • Days On Market: 195
  • Additional Information
  • Geolocation: 26 / -80
  • County: Broward
  • City: Pompano Beach
  • Zipcode: 33060
  • Subdivision: Fairview Amd 10 25 B
  • Provided by: Compass Florida, LLC
  • DMCA Notice
  • 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!!
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Features
Building and Construction
  • Exterior Features: Balcony
  • Fencing: Fenced
  • Flooring: Carpet, Tile
  • Roof: Barrel
Land Information
  • Lot Features: Fruit Tree(s)
Garage and Parking
  • Parking Features: Covered, Driveway, Guest, On Street, Paver Block
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Heating: Central
  • Road Frontage Type: Public Road
  • Sewer: Public Sewer
Finance and Tax Information
  • Tax Year: 2017
Other Features
  • Appliances: Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Gas Range, Microwave, Oven, Refrigerator, Washer, Water Heater, Water Purifier, Water Softener
  • Legal Description: LAGUNA PONDS SEC 2PB 149-75 T-19105LOT 12 BLK 6LOT SIZE 6037 SQ FTOR 20000-0776 0699 4COC 26125-0357 12 2007 5
  • Levels: One
  • Parcel Number: 30-59-27-027-0580
  • Views: 19
  • Zoning Code: 0101
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