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Income/MultiFamily, Commercial Sale
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. Cash Cow!!
This income/multifamily home located at 620 SW 7th St # 7, Pompano Beach FL 33060 is currently for sale and has been available on Brickellsold for 103 days. This property is listed at $1M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1973. 620 SW 7th St # 7, Pompano Beach FL 33060 is in Pompano Beach county Broward County.
