620 SW 7th Street, #17
Pompano Beach, FL 33060
$1,450,000
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.
| List Price: | $1,450,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Tax Annual Amount: | $21,212 |
| Waterfront?: | No |
| Subdivision: | Fairview Amended Plat |
| Year Built: | 1974 |
| Association?: | No |
| Basement Yn: | No |
| Construction Materials: | CBSConcreteBlockStructure, Block |
| Cooling: | Electric |
| Elementary School: | Cypress |
| Heating: | Other, SeparateMeters |
| High School: | Blanche Ely |
| Listing Contract Date: | 2026-01-20 |
| Lot Features: | QuarterToHalfAcreLot |
| Lot Size Dimensions: | 14, 096 |
| Middle Or Junior School: | Pompano Beach |
| MLS Area Major: | 3341 |
| Mobile Dim Units: | Feet |
| Number Of Units In Community: | 4 |
| Original List Price: | $1,450,000 |
| Parcel Number: | 494202031150 |
| Parking Total: | 9 |
| Possession: | CloseOfEscrow |
| Postal City: | Pompano Beach |
| Roof: | Concrete |
| Sewer: | PublicSewer |
| Stories Total: | 2 |
| Tax Year: | 2025 |
| Current Price: | $1,450,000.00 |
| Country Subdivision: | 12011 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12011:494202031150 |
| Listing Id: | A11948899 |
|---|---|
| Property Sub Type: | Quadruplex |
| City: | Pompano Beach |
| County Or Parish: | Broward |
| Postal Code: | 33060 |
| Number Of Units Total: | 4 |
| Cooling?: | Yes |
| Flooring: | CeramicTile |
| Gross Income: | $123,600 |
| Heating?: | Yes |
| Listing Agreement: | ExclusiveAgency |
| Listing Terms: | Cash, Conventional |
| MLS Area Minor: | Ntpk - N Broward Dixie Hwy To Turnpike (3411-3432;3531) |
| Net Operating Income: | $94,137 |
| Pool Private?: | No |
| Postal Code Plus4: | 8293 |
| State Or Province: | FL |
| Utilities: | CableAvailable |
| Zoning: | B-3 |
| Property Sub Type Additional: | Quadruplex |
| List Office National Association Id: | 0 |
| Record Signature: | -1,805,668,239 |
Listing Courtesy of: RPM LUXE REALTY
Listing Agent: Rodger P Morelli
561-929-7317
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BeachesMLS data last updated on November 01, 2026 04:16 AM - ET
Property Last Updated: November 01, 2026 04:16 AM - ET
