620 SW 7TH Street # 7, Pompano Beach FL 33060
Pompano Beach, FL 33060
$1,495,000
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- Price
- $1,495,000
- Building size
- 5,247
- Property type
- Multi Family
- Year built
- 1974
- Lot size (sq ft)
- 14,096
- MLS number
- B26100077
This listing is courtesy of RPM LUXE REALTY, 561-929-7317.
About this property
EXCEPTIONAL 7-UNIT MULTIFAMILY INVESTMENT PROPERTY! NEW ROOF, NEW IMPACT WINDOWS & RECENTLY COMPLETED 40-YEAR STRUCTURAL AND ELECTRICAL RECERTIFICATION! This well-maintained, 100% occupied property features long-term tenants and a desirable unit mix of three 2BR/1BA units, three 1BR/1BA units, and one spacious studio. Current annual gross income of $127,680 with significant room to increase rents. Annual operating expenses include property taxes of $22,858, water/sewer/trash $7,200, insurance $5,000, landscaping $720, and exterior electricity $600. Easy rent collection, and the seller easily self-manages the property. The seller has done all the hard work for the next buyer. With major capital improvements complete, this is a stabilized, income-producing asset with excellent upside.
Details
- Property type
- Multi Family
- Year built
- 1974
- Lot size (sq ft)
- 14,096
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC