620 SW 7th Street 1-7Pompano 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 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 38 cap proforma 7 79 cap seller has done all the hard work for the new buyer collect income right away with no work needed cash cow