620 SW 7th Street, 1-7, Pompano Beach, FL 33060
$1,475,000
Property Type:
Residential Income
Square Footage:
4,716
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-10521604
Contract Information
Auction: No
List Price/SqFt: 312.77
Listing Date: 2025-08-20
Status: Active
Original List Price: 1500000
List Price: $1,475,000
Current Price: $1,475,000
General Property Description
Total # of Units: 7
Property Condition: Resale
Number of Stories: 2
Waterfront: No
Homeowners Assoc: None
HOA/POA/COA (Monthly): 0
Private Pool: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Type: Quad Plex
Year Built: 1973
SqFt - Living: 4716
Subdivision: Fairview Amd 10-25 B
Location, Tax & Legal
Geo Area: NTPK
Country: United States
State/Province: FL
HOPA: No Hopa
Short Sale: No
Tax Year: 2024
Zoning: B-3
Taxes: 19534
REO: No
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: F10521604
DXORIGMLSID: FLL
Income & Expenses
Gross Operating Inc: 123600
Construction
Block: 1
Concrete: 1
Lot Description
1/4 to 1/2 Acre: 1
Special Info
Sold As-Is: 1
Cooling
Other: 1
Heating
Other: 1
Flooring
Ceramic Tile: 1
Utilities
Cable: 1
Public Sewer: 1
Roof
Concrete Tile: 1
Maintenance Fee Incl
Hot Water: 1
Sewer: 1
Trash Removal: 1
Water: 1
Terms Considered
Cash: 1
Conventional: 1
Taxes
City/County: 1
Income Expenses
Annual Total Expense: 29463
Annual Net Oper Inc: 147000
Property Features
Construction: Block; Concrete
Lot Description: 1/4 to 1/2 Acre
Maintenance Fee Incl: Hot Water; Sewer; Trash Removal; Water
Flooring: Ceramic Tile
Cooling: Other
Heating: Other
Roof: Concrete Tile
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer
Special Info: Sold As-Is
Taxes: City/County
Listing Office:
RPM LUXE REALTY
Last Updated: November - 12 - 2025
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