7-Unit Apartment
620 SW 7th Street #17, Pompano Beach, FL 33060
For Sale
$1,450,000
A fully occupied multifamily property combines a varied unit mix with a recently replaced roof and impact windows.
Property SizeContact for details
Days on Market11
Property Features for 620 SW 7th Street #17
General Information
Standard status
Property subtype
Occupancy
Financials
Cap Rate
Gross Income
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
RPM LUXE REALTY
Listed By:
Rodger P Morelli · License FL #3059403
(561) 929-7317
Source:
Lehmannflorida
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 at 7:50AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7-unit apartment building was built in 1974 and is fully occupied. Its layout includes three 2-bedroom/1-bathroom apartments, three 1-bedroom/1-bathroom apartments, and one studio. The roof and impact windows have been replaced, and apartment electricity is separately metered and paid by tenants.
The reported current cap rate is 6.5%, with a projected cap rate of 8%. Current gross income is $123,600, compared with projected gross income of $147,000. Annual expenses total $29,463, including property taxes, water and sewer, insurance, lawn care, and exterior electricity. The owner has managed the property directly.
The reported current cap rate is 6.5%, with a projected cap rate of 8%. Current gross income is $123,600, compared with projected gross income of $147,000. Annual expenses total $29,463, including property taxes, water and sewer, insurance, lawn care, and exterior electricity. The owner has managed the property directly.
Key Highlights
- 7 apartments: three 2‑bedroom/1‑bathroom units, three 1‑bedroom/1‑bathroom units, and one studio
- Fully occupied
- New roof and impact windows
Property Analytics
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,769
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Apartment buildings in Pompano Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A fully occupied multifamily property combines a varied unit mix with a recently replaced roof and impact windows.
Where is this apartment building located?
The property is located at 620 SW 7th Street #17 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: 7 apartments: three 2‑bedroom/1‑bathroom units, three 1‑bedroom/1‑bathroom units, and one studio; Fully occupied; New roof and impact windows
