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Vreeland Real Estate
620 Sw 7th Street Unit #1-7, Pompano Beach, FL 33060
- $1,495,000
- List Price
- $1,495,000
- MLS#
- B26100077
- Status
- ACTIVE
- Type
- Commercial
Property Description
EXCEPTIONAL 7-UNIT MULTIFAMILY INVESTMENT PROPERTY! NEW ROOF, NEW IMPACT WINDOWS & RECENTLY COMPLETED 40-YEAR STRUCTURAL AND ELECTRICAL RECERTIFICATION! This well-maintained, 100% occupied property features long-term tenants and a desirable unit mix of three 2BR/1BA units, three 1BR/1BA units, and one spacious studio. Current annual gross income of $127,680 with significant room to increase rents. Annual operating expenses include property taxes of $22,858, water/sewer/trash $7,200, insurance $5,000, landscaping $720, and exterior electricity $600. Easy rent collection, and the seller easily self-manages the property. The seller has done all the hard work for the next buyer. With major capital improvements complete, this is a stabilized, income-producing asset with excellent upside.
Additional Information
- Days on Market
- 2
- Tax Amount
- $22,858
- Parcel Number
- 494202031150
- Lot Size
- 14,096
- Address
- 620 Sw 7th Street Unit #1-7, Pompano Beach
- Year Built
- 1974
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Listing Courtesy of RPM LUXE REALTY, Contact: