About 620 Sw 7th St 1-7
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 $35,163 which include Property Taxes:$19543, Water/Sewer:$7200, Insurance $5000, Lawn $720. Electric is paid by Tenants. Current 6.04% cap , ProForma 7.40% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Features of 620 Sw 7th St 1-7
| MLS® # | F10521604 |
|---|---|
| Price | $1,500,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,716 |
| Acres | 0.00 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Style | Other, Other Style |
| Status | Active-Available |
Community Information
| Address | 620 Sw 7th St 1-7 |
|---|---|
| Area | 3431 |
| Subdivision | Fairview Amd 10-25 B |
| City | Pompano Beach |
| County | Broward County |
| State | FL |
| Zip Code | 33060 |
Amenities
| Parking Spaces | 9 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Lot Description | 1/4 To Less Than 1/2 Acre Lot |
|---|---|
| Roof | Concrete Roof |
| Construction | Concrete Block Construction |
Additional Information
| Zoning | B-3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RPM LUXE REALTY |
|---|