620 SW 7th Street 1-7 Pompano Beach, FL 33060
- Added:
- Aug 20, 2025
- Days on Market:
- 225
- Last Refresh:
- Apr 1 at 4:06 pm
Property Features for 620 SW 7th Street 1-7
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-3
- Parking
- 9
- Standard status
- Active
- APN
- 494202031150
- Size
- 4,716 SF
Taxes and HOA fees
- TaxYear
- 2024
- TaxAnnualAmount
- 19534
Building Details
- Year built
- 1973
- Floors in Building
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Concrete
- Architectural style
- Other
Listing agent Rodger Morelli License #3059403 (561) 929-7317
Listing office RPM LUXE REALTY 150 E Palmetto Park Rd, Boca Raton, FL (561) 929-7317
Listing date Aug 20, 2025
MLS# F10521604
Listing URL
Copyright © 2026 BeachesMLS / Matrix. 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 Income Property
This multifamily property in Pompano Beach features seven units, comprising three 2/1 units, three 1/1 units, and one large studio. The property is fully occupied with long-term tenants. A new roof and new impact windows have been installed. 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 at $5,000, lawn maintenance at $720, and exterior electric costs of $600. Apartment electricity is separately metered 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 is zoned B-3 and has a total size of 4,716 square feet.
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
- -80.1313588
- Latitude
- 26.2205628
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property in Pompano Beach, fully occupied with long-term tenants.
Where is this apartment building located?
The property is located at 620 SW 7th Street 1-7 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: 100% occupied with long‑term tenants, providing immediate income.; New roof and impact windows, reducing future maintenance costs.; High current gross income of $123,600 with potential to increase to $147,000.
