FOR SALE

620 7th St #1-7

Broward, Fairview Amended Plat, Pompano Beach, FL

Asking

$1,450,000

BTC

18.560

ETH

636.12

Year Built
1974
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.

LOADING

Location

Market Area
Broward
Neighborhood
FAIRVIEW AMENDED PLAT

Agent

Rodger Morelli

+1 310 910 1722

Contact Email

[email protected]