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620 7th St #1-7
Broward, Fairview Amended Plat, Pompano Beach, FL
FOR SALE
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

