About This Home
This 8-bedroom, 0-bathroom residential multi family at 620 SW 7th St #1-7 in Pompano Beach, FL is listed for $1,450,000. Built in 1974, on a N/A lot.
Key Features
- Built in 1974
- 2 stories
- 9 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$7,755/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
620 SW 7th St #1-7
Pompano Beach, FL 33060
FAIRVIEW AMENDED PLAT
Property Details
Flooring
Construction
Cooling
Questions & Answers
This 8-bedroom, 0-bathroom residential multi family at 620 SW 7th St #1-7 is listed at $1,450,000. The estimated monthly payment is $7,755 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1974, 2 stories, 9 parking spaces.
This property is listed by Rodger Morelli and can be reached at 5619297317.