620 SW 7th St # 7, Pompano Beach, FL
About this property
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!!
Property facts
- Sqft
- 4,716
- Year Built
- 1973
- Location
- Pompano Beach, FL 33060
- County
- Broward County
- FEMA flood zone
- Zone AE, special flood hazard area
- Base flood elevation
- 6 ft (NAVD88)
- Ground elevation
- 5.4 ft
- Hurricane evacuation zone
- Not in a designated evacuation zone
- Distance to the coast
- 1.6 mi
Sources: FEMA National Flood Hazard Layer (panel 12011C0357J, effective 2024-07-31), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-02. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
Rent roll, cap rate, zoning, tours, off-market alternatives. Leave your email and Anthony replies, usually within 1 hour.
Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.