Pompano Beach Multifamily Investment
620 SW 7th St #1-7, Pompano Beach, FL 33060
New
- Added:
- May 8, 2026
- Days on Market:
- 2
- Last Refresh:
- May 9 at 8:06 pm
Property Features for 620 SW 7th St #1-7
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Zoning
- B-3
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 9
- Standard status
- Active
- APN
- 494202031150
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21212
Utilities
- Cooling system
- Electric
Building Details
- Year built
- 1974
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block
- 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 May 8, 2026
MLS# A11948899
Listing URL
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.
HighLights
- New roof and impact windows provide significant long‑term value.
- 100% occupied with long‑term tenants ensures immediate income stream.
- Current 6.5% cap rate with a ProForma 8% cap rate indicates strong investment potential.
- Unit mix of 3 - 2/1's, 3 - 1/1's, and 1 large studio offers diverse rental options.
- Easy rent collection and self‑managed property simplifies ownership.
- Opportunity to increase rents to achieve a projected gross income of $147,000.
Overview
This seven-unit multifamily property is located in Pompano Beach, Florida. The unit mix includes three 2-bedroom/1-bathroom units, three 1-bedroom/1-bathroom units, and one large studio. The property is fully occupied with long-term tenants. A new roof and 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 costs of $5,000, lawn maintenance costs of $720, and exterior electric costs of $600. Apartment electricity is separately metered and paid by tenants. The current capitalization rate is 6.5%, with a pro forma capitalization rate of 8%. The property is zoned B-3.
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 with income potential.
Where is this apartment building located?
The property is located at 620 SW 7th St #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: New roof and impact windows provide significant long‑term value.; 100% occupied with long‑term tenants ensures immediate income stream.; Current 6.5% cap rate with a ProForma 8% cap rate indicates strong investment potential.
