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620 SW 7th St 1-7, Pompano Beach, FL 33060

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For Sale

$1,500,000

4,716 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $318.07
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!!
MLS# F10521604

Courtesy Of RPM LUXE REALTY

(561) 929-7317

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Block, Concrete
  • Floor Covering
    Tile

Map and Directions

Directions to 620 SW 7th St 1-7, Pompano Beach, FL 33060

Home seller CENTURY 21 Hansen Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Hansen Realty

(954) 776-5400
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.