620 SW 7th Street, Pompano Beach, FL 33060

Pompano Beach
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
620 SW 7th Street,Pompano Beach, FL 33060
$1,450,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,716 sq. ft.
  • Multi-family
  • Active
Listed by: rodger p morelli
Office: rpm luxe realty
MLS#:F10521604
Source:RMLS

Price summary

  • Price:$1,450,000
  • Price per sq. ft.:$307.46

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. Cash Cow!!

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Home facts

  • Year built:1973
  • Listing ID #:F10521604
  • Added:85 day(s) ago
  • Updated:March 31, 2026 at 09:34 PM

Rooms and interior

  • Flooring:Ceramic Tile, Tile
  • Living area:4,716 sq. ft.

Structure and exterior

  • Roof:Concrete
  • Year built:1973
  • Building area:4,716 sq. ft.
  • Construction Materials:Block
  • Exterior Features:Porch

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,450,000
  • Price per sq. ft.:$307.46
  • Tax amount:$19,534 (2024)
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