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620 SW 7th St # 7, Pompano Beach FL 33060

Commercial For Sale
$1,475,000

BTC: 17.08164447

ETH: 504.10116200

40 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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!!

Location

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1973
Lot:
14096 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features
  • Lot

    • Lot: 14096 Square Feet

    Other Property Information

    • Parcel Number: 494202031150

    • Zoning: B-3

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $19,534

  • Source details

    • MLS ID: A11914413

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