620-630 SW 7th St - Apartments FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$1,500,000 USD
561-929-7317
620-630 SW 7th St, Pompano Beach, FL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/22
null | 6.04% Cap Rate

620-630 SW 7th St
Pompano Beach, FL 33060
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • New Roof and New Impact Windows
  • 100% Occupied with long term tenants
  • Room to raise rents , see attached docs , current cap 6.04% ; proforma 7.4% cap
  • Excellent tenants, easy rent collection, owner easily self manages

OVERVIEW

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!!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

6.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

620 SW 7th 1-7 Pompano Beach FL 33060

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

B3

APN/PARCEL ID

49-42-02-03-1150

ASK ABOUT THIS PROPERTY

Rodger P Morelli, MBARPM Luxe RealtyMore Info
561-929-7317

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Rodger P Morelli, MBARPM Luxe RealtyMore Info
561-929-7317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.