1. Florida
  2. Pompano Beach
  3. 620 SW 7th St 1-7
$1,500,000

620 SW 7th St 1-7, Pompano Beach, FL 33060

  • 4,716 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $318/sqft
  • Property List Date Icon Listed 9 days ago

Property Description

Amazing 7 Unit Multifamily Jewel Available! New Roof and New Impact Windows, 100% occupied with long term tenants since the owner purchased the building and updated. The unit mix consists of 3 - 2/1’s , 3 - 1/1’s and 1 large studio. Easy rent collection and Seller also easily self-manages the property. The Current Gross Income is $123,600. There is room to increase the rents and the Projected Gross Income will be $147,000. Annual Expenses are $35,163 which include Property Taxes:$19543, Water/Sewer:$7200, Insurance $5000, Lawn $720. Electric is paid by Tenants. Current 6.04% cap , ProForma 7.40% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!

Listing Status:
Active
Date Added:
August 20, 2025 at 05:00AM
Listing Office:
RPM LUXE REALTY : (561) 929-7317
Listing Agent:
Rodger Morelli : (561) 929-7317
MLS ID:
F10521604
  • Flooring: Ceramic TileTile
  • A/C: Other
  • Heating: Other

This listing courtesy of Rodger Morelli, RPM LUXE REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cypress Elementary School

851 SW 3rd Ave, Pompano Beach, FL, 33060

Grades PK-5

0.23 miles away

P

Pompano Beach Middle School

310 NE 6th St, Pompano Beach, FL, 33060

Grades 6-8

1.28 miles away

B

Blanche Ely High School

1201 NW 6th Ave, Pompano Beach, FL, 33060

Grades 9-12

1.44 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.