620 SW 7th St # 7, Pompano Beach FL 33060
Pompano Beach, FL 33060
$1,450,000
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- Price
- $1,450,000
- Building size
- 4,716
- Property type
- Income/MultiFamily
- Year built
- 1973
- Lot size (sq ft)
- 14,096
- MLS number
- A11914413
This listing is courtesy of RPM LUXE REALTY, 561-929-7317.
About 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 $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!!
Details
- Property type
- Income/MultiFamily
- Year built
- 1973
- Lot size (sq ft)
- 14,096
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC