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7-Unit Apartment Building

1-7-620 Sw 7th St, Pompano Beach, FL 33060

For Sale
$1,450,000

A fully occupied property features varied apartment layouts, a new roof, and impact windows.

Property SizeContact for details
Days on Market359

Property Features for 1-7-620 Sw 7th St

General Information

Standard status Active
Occupancy 100%

Financials

Cap Rate 6.5%
Gross Income $123,600

Units

Unit Mix 3 x 2/1, 3 x 1/1, 1 x studio
Multifamily Units 7
Individually Metered Utilities electricity

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $19,534
Listing Agency: RPM LUXE REALTY
Listed By: Rodger Morelli · License #3059403
Source: Exprealty
Added: Nov 14, 2025 Changed: Nov 4 Last Checked: Nov 6 at 1:01PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RPM LUXE REALTY

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This seven-unit apartment property includes three 2-bedroom, 1-bath units, three 1-bedroom, 1-bath units, and one large studio. The building has a new roof and impact windows, and all apartments are occupied. Apartment electricity is separately metered and paid by tenants.

The property is identified at 1-7-620 SW 7th St in Pompano Beach. Reported capitalization rates are 6.5% based on current performance and 8% on a pro forma basis.

Key Highlights

  • Seven apartments: three 2/1s, three 1/1s, and one large studio
  • 100% occupancy with long‑term tenants
  • New roof and impact windows

Property Analytics

Lease Details

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,186
Businesses Nearby

Demographics for 33060, FL

35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Pompano Beach, FL

$390 Jul
$376 Aug
$334 Sep
$316 Oct

Properties on Market for Apartment buildings in Pompano Beach

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A fully occupied property features varied apartment layouts, a new roof, and impact windows.
Where is this apartment building located?
The property is located at 1-7-620 Sw 7th St 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: Seven apartments: three 2/1s, three 1/1s, and one large studio; 100% occupancy with long‑term tenants; New roof and impact windows
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