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Home / Listings / B26100111

620 SW 7TH Street # 7 # 1-7

Pompano Beach, FL 33060

MLS# B26100111

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Property Details

Bedrooms

Bathrooms

0

Square Feet

5,247

Year Built

1974

Property Type

Quadruplex

Status

Active

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.

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