7-Unit Apartment
New
For Sale
$1,450,000
620 Sw 7th Street, Pompano Beach, FL 33060
Recent roof and impact-window improvements complement full occupancy and an established tenant base.
Property Size4,716 SF
Price / SF$307.46
Days on Market2
Property Features for 620 Sw 7th Street
General Information
Standard status
Active
Size
4,716 SF
Property subtype
Residential Income
Occupancy
100%
Financials
Cap Rate
6.5%
Gross Income
$123,600
Units
Unit Mix
3 x 2/1, 3 x 1/1, 1 x large studio
Multifamily Units
7
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$19,534
Amenities
Ceramic Tile,Tile
true
2
1/4 to 1/2 Acre Lot
false
Balcony
Building Details
Year Built
1973
Stories
2
Listing Agency:
(954) 738-5557
Listed By:
Sandra Azor
Source:
Mcleanrealtyxperts
Added: Oct 31
Changed: Nov 1
Last Checked: Oct 29 at 10:29PM
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 Sandra Azor
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Investment Insights
Based on property information with market context.
This seven-unit apartment property has a mix of three 2-bedroom, 1-bath units, three 1-bedroom, 1-bath units, and one studio. Recent improvements include a new roof and impact windows. The building is fully occupied, with tenants who have remained in place during the current ownership period.
Apartment electric service is separately metered, with residents responsible for those bills. The property is self-managed by the owner and reports a 6.5% current cap rate and an 8% projected cap rate.
Apartment electric service is separately metered, with residents responsible for those bills. The property is self-managed by the owner and reports a 6.5% current cap rate and an 8% projected cap rate.
Key Highlights
- Seven apartments: three 2‑bedroom, 1‑bath units; three 1‑bedroom, 1‑bath units; and one studio
- Fully occupied, with long‑term tenants
- New roof and impact windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,445
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,900
$1.4M
Cap Rate 7%
$1,034,929
$1.0M
Cap Rate 9%
$804,944
$804.9K
Market Conditions
NOI Build-Up for 4,716 SF
Gross rent
$138.7K $29.40/SF
− Vacancy
−$6.9K −$1.47/SF
EGI
$131.7K $27.93/SF
− OpEx
−$59.3K −$12.57/SF
NOI
$72.4K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,900
Cap Rate 7%
$1,034,929
Cap Rate 9%
$804,944
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$905.6K – $1.21M
NOI $72,445 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,747 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Recent roof and impact-window improvements complement full occupancy and an established tenant base.
Where is this apartment building located?
The property is located at 620 Sw 7th Street 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‑bedroom, 1‑bath units; three 1‑bedroom, 1‑bath units; and one studio; Fully occupied, with long‑term tenants; New roof and impact windows
