620 SW 7th Street 1-7 Pompano Beach, FL 33060
- Added:
- Aug 20, 2025
- Days on Market:
- 225
- Last Refresh:
- Apr 1 at 7:06 pm
Property Features for 620 SW 7th Street 1-7
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-3
- Parking
- 9
- Parking features
- Assigned
- Standard status
- Active
- APN
- 494202031150
- Lot size
- 0.32 Acres
Taxes and HOA fees
- TaxYear
- 2024
- TaxAnnualAmount
- 19534
Building Details
- Number of units
- 7
- Flooring type
- Tile
- Building materials
- Block, 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# F10521593
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 seven-unit multifamily property is fully occupied with long-term tenants. The unit mix includes three 2-bedroom/1-bathroom units, three 1-bedroom/1-bathroom units, and one large studio. The property features a new roof and new impact windows. 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 costs of $720, and exterior electric costs of $600. Apartment electricity is metered separately and paid by tenants. The property is located in Pompano Beach, Florida, and is zoned B-3. The lot size is 0.3236 acres.
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 with new roof and impact windows.
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: Provides immediate and consistent income stream.; New Roof and Impact Windows: Reduces future maintenance costs and enhances property value.; High Current and Projected Cap Rates: 6.5% current cap rate with a pro forma 8% cap rate indicates strong investment potential.
