Fairview, 620 SW 7th St 1-7, Pompano Beach, FL 33060

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 $35,163 which include property taxes:$19543, water/sewer:$7200, insurance $5000, lawn $720. Electric is paid by tenants. Current 6.04% cap , proforma 7.40% cap. Seller has done all the hard work for the new buyer! Collect income right away with no work needed. Cash cow!!