620 SW 7th ST #17, Pompano Beach, FL 33060
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,450,000
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620 SW 7th ST #17 Pompano Beach, FL 33060

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Hold

Purchase Type For Sale

Subdivision Fairview Amended Plat

MLS Listing ID A11948899

HOA Y/N No

Year Built 1974

Annual Tax Amount $21,212

Tax Year 2025

Lot Dimensions 14,096

Property Sub-Type Quadruplex

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.

Location

State FL

County Broward

Area 3341

Interior

Heating Other, Separate Meters

Cooling Electric

Flooring Ceramic Tile

Fireplace No

Exterior

Utilities Available Cable Available

Roof Type Concrete

Total Parking Spaces 9

Private Pool No

Building

Lot Description 1/4 to 1/2 Acre Lot

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Schools

Elementary Schools Cypress

Middle Schools Pompano Beach

High Schools Blanche Ely

Others

Pets Allowed No

Tax ID 494202031150

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11948899

BeachesMLS, Inc. (FLR) VOW
Listed by Rodger P Morelli RPM LUXE REALTY

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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620 SW 7th ST #17

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