620 SW 7Th St Pompano Beach, FL 33060
Seven-unit multifamily property with new roof and impact windows.
Lot size:
0.32 AcresProperty Features for 620 SW 7Th St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.32 Acres
Source:
Elliman
Listing Agency: RPM LUXE REALTY Listing Agent: Rodger P Morelli
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pompano Beach Multifamily Investment Property
This seven-unit multifamily property features a new roof and new impact windows. The building is 100% 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 current gross income is $123,600, with 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 current capitalization rate is 6.5%, with a pro forma capitalization rate of 8%.
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
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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 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: - New Roof and Impact Windows enhance property value.; - 100% Occupied with Long-Term Tenants provides immediate income.; - High Current 6.5% and Projected 8% Cap Rate indicates strong investment potential.
