620 7th St #1-7 ,Other, Quadruplex, Fairview Amended Plat for Sale

620 7th St #1-7 for Sale

Price $1,450,000.00

• Lot size 0
• Year Build 1974
• Waterfront
• Zip 33060
• Style Other
• 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 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed.

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

1/4 To Less Than 1/2 Acre Lot

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 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed.

City:Pompano Beach,Zoning:B-3,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2025,Latitude:26.2205491,Cooling Y N:1,Heating Y N:1,List Price:1450000,Listing Id:A11948899,Longitude:-80.1312912,Mls Status:Active,Year Built:1974,Postal Code:33060,Street Name:7th St #1-7,Coordinates:1:26.2205491,Photos Count:15,Building Name:FAIRVIEW AMENDED PLAT,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3431,M L S Area Major:Fairview Amended Plat,On Market Date:2026-01-20,Parcel Number:494202031150,Parking Total:9,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:2,Street Number:620,M I A M I R E_ Style:Fourplex,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 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2027-01-20,List Office Name:RPM LUXE REALTY,Standard Status:Active,Window Features:1:Complete Impact Glass,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:8293,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:FAIRVIEW AMENDED PLAT,Tax Annual Amount:21212,Total Actual Rent:123600,Unparsed Address:620 SW 7th St #1-7, Pompano Beach FL 33060,Listing Agreement:Exclusive Agency,Operating Expense:29463,Year Built Details:Effective Year Built,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,X,M I A M I R E_ L P Amt Sq Ft:290,Original List Price:1450000,Public Survey Range:49,Attribution Contact:561-929-7317,Documents Available:1:Copy Of Lease(S),2:Other Available Information,3:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:94137,Number Of Units Total:7,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 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed.,Listing Contract Date:2026-01-20,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Showing Assist,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:1450000,Public Survey Township:49,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Geographic Area:N Broward Dixie Hwy To Turnpike (3411-3432;3531),M I A M I R E_ Internet Remarks:7 Unit Multifamily Jewel Available! New Roof & New Impact Windows, 100% occupied long term tenants since the owner purchased the building and updated.,M I A M I R E_ Parcel Number M L X:1150,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.22081124380316$-80.13142376967093$158.47$4.88$1.00$,Contract Status Change Date:2026-01-20,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),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,Internet Automated Valuation Display Y N:1,