620 SW 7th Street, 1-7, Pompano Beach, FL 33060
$1,475,000
Property Type:
Comm/Industry
Status:
Active
Current Price:
$1,475,000
Last Modified:
11/12/2025
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!!
More Information MLS# FX-10521593
Contract Information
Auction: No
Status: Active
Original List Price: 1500000
List Price: $1,475,000
Current Price: $1,475,000
Listing Date: 2025-08-20
General Property Description
For Sale: Yes
For Lease: No
Acres: 0.32
Total Units: 7
Type: MultiFamily (5+ Units)
Location, Tax & Legal
Geo Area: NTPK
Country: United States
State/Province: FL
Tax Year: 2024
Zoning: B-3
Real Estate Taxes: 19534
Area: 3431
County: Broward
Parcel ID: 494202031150
Street #: 620
Street Dir: SW
Street Name: 7th
Street Suffix: Street
Unit #: 1-7
Zip Code: 33060
Legal Desc: FAIRVIEW AMENDED PLAT 10-25 B LOT 12,13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835
Geo Lat: 26.220557
Geo Lon: -80.131329
Office/Member Info
DXORIGMLNO: F10521593
DXORIGMLSID: FLL
Monetary Info
Gross Oper Income: 123600
Net Oper Income: 94137
Source of Expenses: Owner
Sale Includes
Building and Land: 1
Construction
Block: 1
Concrete: 1
Tenant Pays
Electric: 1
Flooring
Ceramic Tile: 1
Tile: 1
Utilities
Public Water: 1
Security
Fence: 1
Terms Considered
Cash: 1
Property Features
Construction: Block; Concrete
Sale Includes: Building and Land
Flooring: Ceramic Tile; Tile
Tenant Pays: Electric
Utilities: Public Water
Security: Fence
Terms Considered: Cash
Listing Office:
RPM LUXE REALTY
Last Updated: November - 12 - 2025
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