620 SW 7th St #1-7, Pompano Beach, FL 33060
Local realty services provided by:Countywide Properties ERA Powered
Listed by: rodger morelli
Office: rpm luxe realty561-929-7317
MLS#:A11948899
Source:SEFMLS
Price summary
- Price:$1,450,000
About this home
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.
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Home facts
- Year built:1974
- Listing ID #:A11948899
- Updated:May 09, 2026 at 01:35 PM
Rooms and interior
- Flooring:Ceramic Tile
Heating and cooling
- Cooling:Electric
Structure and exterior
- Roof:Concrete
- Year built:1974
- Architectural Style:Fourplex
- Construction Materials:Block
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,450,000
- Tax amount:$21,212 (2025)
Features and amenities
- Amenities:Impact Glass Windows
Parking
- Total parking spaces:9
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