Address
620 Sw 7th Street, Pompano Beach, FL
Price
$ 1,450,000
Property Attributes
- MLS#F10521593
- TypeSingle Family
- Listing Status Active
- CountyBroward
- CityPompano Beach
- Area3431
- Zip33060
- Style
- Taxes$ 19534
- Price$ 1,450,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.32 Acres
Data Source:
Beaches MLS (FL)
Property Description
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!!
| Price History | |
|---|---|
| 2/21/2026 | Listed $1,450,000 |
General Features
| Possession | CloseOfEscrow |
|---|---|
| Construction Materials | Block |
| Property Subtype | MultiFamily |
| Tax Year | 2024 |
| Gross Income | 123600 |
| County | Broward |
| Net Operating Income | 94137 |
| Property Type | CommercialSale |
| Status | Active |
| City | Pompano Beach |
| MLS Area | 3431 |
| Lot Size Square Feet | 14096.02 |
| Tax Annual Amount | 19534 |
| Virtual Tour | https://www.propertypanorama.com/620-SW-7th-Street-17-Pompano-Beach-FL-33060/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | MultiFamily |
| PostalCity | Pompano Beach |
| Legal Description | FAIRVIEW AMENDED PLAT 10-25 B LOT 12,13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835 |
Interior Features
| Flooring | CeramicTile,Tile |
|---|
Exterior Features
| Fencing | Fenced |
|---|---|
| Parking Features | Assigned |
| Water Source | Public |
| Total Parking | 9 |
| Lot Size Area | 14096 |
| Lot Size Acres | 0.32 |
| Road Frontage Type | CityStreet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33060
Price
Taxes
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