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620 SW 7th St

$1,475,000

620 SW 7th St, Pompano Beach, FL 33060

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Last Updated: 11/17/2025

147,000

NOI

4,716 sqft

Building Size

Details:
NOI:    $147,000
Building Size:    4,716 sqft
Units:    7
Year Built:    1973
Highlights:
  • Gross Income: 123600
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 6.38% cap, ProForma 7.79% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!

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