620 7th St #1-7 ,Apartments for Sale & Rent

620 7th St #1-7 for Sale & Rent

Price $1,475,000.00

• Lot size 14096
• Year Build 1973
• Waterfront
• Zip 33060
• Style
• Parking Description
• Pool Yes
• Status Active

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 $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.38% cap, ProForma 7.79% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!

FAIRVIEW AMENDED PLAT 10-25 B LOT 12,13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835

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 $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.38% cap, ProForma 7.79% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!

City:Pompano Beach,Zoning:B-3,List A O R:A-Miami Association of REALTORS,Latitude:26.2205491,List Price:1475000,Listing Id:A11914413,Longitude:-80.1312912,Mls Status:Active,Year Built:1973,Postal Code:33060,Street Name:7th St,Unit Number:1-7,Coordinates:1:26.2205491,Gross Income:123600,Photos Count:18,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3431,On Market Date:2025-11-14,Parcel Number:494202031150,Property Type:Commercial Sale,Street Number:620,Public Remarks: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 $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.38% cap, ProForma 7.79% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!,County Or Parish:Broward County,Expiration Date:2026-11-14,List Office Name:RPM LUXE REALTY,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:8293,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:19534,Unparsed Address:620 SW 7th St # 7, Pompano Beach FL 33060,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Building Area Total:4716,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:14096,M I A M I R E_ Flood Zone:AE,X,Original List Price:1475000,Public Survey Range:49,Attribution Contact:561-929-7317,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:147000,Syndication Remarks: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 $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.38% cap, ProForma 7.79% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!,Listing Contract Date:2025-11-14,Originating System I D:miamire,Street Number Numeric:620,Tax Legal Description:FAIRVIEW AMENDED PLAT 10-25 B LOT 12,13 BLK 15, TOG WITH POR OF ALLEY VACATED PER OR 4703/835,M I A M I R E_ Current Price:1475000,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Amazing 7 Unit Multifamily Jewel Available! New Roof and New Impact Windows, 100% occupied with long term tenants,M I A M I R E_ Parcel Number M L X:1150,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.220563$-80.131359$125.45$13.33$1.00$YciwZYvtib6gEVB4-4yC3Q,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2025-11-14,Internet Address Display Y N:1,Number Of Units In Community:7,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:3,M I A M I R E_ Attribution Contact:561-929-7317,M I A M I R E_ Agent Alternate Phone:561-929-7317,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:620 SW 7th St 1-7,