BEDS0
BATHS
SQUARE FEET5,247
MLS#B26100111
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFAIRVIEW AMENDED PLAT
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Other
Lot Size: 0.32 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $22,858
Year Built: 1974
Amenities
Other
Feature Descriptions
Exterior: Concrete Block - With Stucco
Flooring: Ceramic Tile, Tile
Laundry: Common Area, Laundry Room
Parcel#: 494202031150
Pets Allowed: Yes, No Restrictions
Restrictions: No Restrictions
Sewer: Public Sewer
SQFT Living: 5247
Structure Type: Multi Family
Units: 4
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Windows: Storm Window(s)
Local Schools
High School: Blanche Ely
Middle School: Pompano Beach
Elementary School: Cypress
Listed By / Shown By
Listed By
Agency Name: RPM LUXE REALTY
Agency Phone: 561-929-7317
Shown By
Agency Title: Realty 100
Agency Phone: 954-859-2100
Estimate Your Payment
Estimated Payment
$ 5,668.10 per month $3,327.22 Principal & Interest $1,904.83 Property Tax $436.04 Homeowner's Insurance
620 SW 7th Street, Unit 1-7 | MLS# B26100111
This multi-family property located at 620 SW 7th Street, Unit 1-7, Pompano Beach, FL 33060 is currently listed for sale with an asking price of $1,495,000. Search Pompano Beach real estate on www.realty100.com today.