620 SW 7th St, Pompano Beach, FL 33060

Building Details

Year built

1973

Number of units

7

Building materials

Block

Listing agent Rodger Morelli License #3059403 Show Phone

Listing office RPM LUXE REALTY i***@rpmluxe.com 150 E Palmetto Park Rd Ste 800, Boca Raton, FL Show Phone

Listing date Jul 6, 2026

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MLS# A11914413

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This seven-unit multifamily property features a new roof and new impact windows. The unit mix includes three 2/1 apartments, three 1/1 apartments, and one large studio. The building is currently 100% occupied by long-term tenants who have been in place since the owner purchased the property and completed the updates. Apartment electricity is metered separately and paid by tenants, supporting straightforward monthly operations.

Located at 620 SW 7th St in Pompano Beach, Florida (Broward County), the property is offered for sale as a turnkey income-generating asset. The seller provides details on the current income and operating expenses to help guide budgeting and underwriting.

Financially, the current gross income is $123,600 with annual expenses totaling $29,463, including property taxes, water/sewer, insurance, lawn, exterior electric, and related costs as listed in the remarks. The seller also states projected gross income of $147,000, reflecting room for rent growth, and references a current 6.5% cap rate and a pro forma 8% cap rate based on provided assumptions. The seller also notes easy rent collection and self-management, which may appeal to buyers seeking a property that is already running with established tenancy.

Suggested Use

Restaurant (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Acupuncture Restaurant Adult Day Care Parking Lot & Garage Tanning Salon (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

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 - Well-maintained seven-unit property with a new roof and impact windows, fully occupied by long-term tenants.

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: 1973‑built block 7‑unit multifamily building with 100% occupancy and long‑term tenants; Unit mix: 3 two‑bedroom/one‑bath, 3 one‑bedroom/one‑bath, and 1 large studio; New roof and new impact windows