620 SW 7th Street Pompano Beach, FL 33060
- Added:
- Aug 20, 2025
- Days on Market:
- 225
- Last Refresh:
- Apr 1 at 2:06 pm
Property Features for 620 SW 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-3
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 494202031150
- Size
- 4,716 SF
Taxes and HOA fees
- TaxYear
- 2024
- TaxDescription
- FAIRVIEW AMENDED PLAT 10-25 B LOT 12,13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835
- TaxAnnualAmount
- 19534
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
Building Details
- Year built
- 1973
- Floors in Building
- 2
- Flooring type
- Tile - Ceramic, Tile
- Building materials
- Block
- Roof type
- Concrete
Listing agent Rodger P Morelli, MBA License #3059403 (561) 929-7317
Listing office RPM LUXE REALTY 150 E Palmetto Park Rd Ste 800, Boca Raton, FL (561) 929-7317
Listing date Aug 20, 2025
MLS# F10521604
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pompano Beach Multifamily Investment
This multifamily property in Pompano Beach, Florida, features seven units, comprising three 2-bedroom/1-bathroom units, three 1-bedroom/1-bathroom units, and one large studio. The property has a new roof and new impact windows. It is currently 100% occupied with long-term tenants. The current gross income is $123,600, with potential to increase rents to a projected gross income of $147,000. Annual expenses are $29,463, including property taxes of $19,543, water/sewer costs of $3,600, insurance costs of $5,000, lawn maintenance of $720, and exterior electric costs of $600. Apartment electricity is metered separately and paid by tenants. The property is currently operating at a 6.5% cap rate, with a pro forma cap rate of 8%. The property size is 4,716 square feet. The zoning is B-3.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Haven
Social Service Agency
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.131356
- Latitude
- 26.220558
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property with new roof and impact windows.
Where is this apartment building located?
The property is located at 620 SW 7th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: New Roof and New Impact Windows; 100% Occupied with Long‑Term Tenants; Current Gross Income: $123,600 with Potential to Increase to $147,000
