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620 SW 7th St # 7 Pompano Beach FL 33060 MLS #A11914413

620 SW 7th St # 7
Pompano Beach, FL, 33060
$1,475,000
Beds
0 Bathrooms
0 SqFt
0 Acres
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$1,475,000
620 SW 7th St # 7
Pompano Beach, FL, 33060
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Project 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 6.38% 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!!

Financial

Net Operating Income
$147,000
Taxes
$19,534

Investment results for buyers and agents

Property Details

Price:
$1,475,000
MLS #:
A11914413
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Nov 14, 2025
Total Sq Ft:
4,716
Year Built:
1973
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620 SW 7th St # 7
Pompano Beach, FL