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620 SW 7th St 7 Unit Apartment Building $2,011,730 CAD ($287,390 CAD/Unit) 6.50% Cap Rate Pompano Beach, FL 33060
INVESTMENT HIGHLIGHTS
- New Roof and New Impact Windows
- Room to raise rents , see attached docs , current cap 6.5% ; proforma 8% cap
- Sold Concrete Block Construction
- 100% Occupied with long term tenants
- Excellent Tenants, Easy rent collection, Owner easily self manages
EXECUTIVE SUMMARY
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!!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$168,153
|
$36.16
|
| Other Income |
$3,330
|
$0.72
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$171,483
|
$36.88
|
| Taxes |
$27,114
|
$5.83
|
| Operating Expenses |
$13,763
|
$2.96
|
| Total Expenses |
$40,877
|
$8.79
|
| Net Operating Income |
$130,606
|
$28.09
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $168,153 |
| Annual Per SF | $36.16 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,330 |
| Annual Per SF | $0.72 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $171,483 |
| Annual Per SF | $36.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,114 |
| Annual Per SF | $5.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,763 |
| Annual Per SF | $2.96 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $40,877 |
| Annual Per SF | $8.79 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $130,606 |
| Annual Per SF | $28.09 |
PROPERTY FACTS
| Price | $2,011,730 CAD | Building Class | C |
| Price Per Unit | $287,390 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 4,650 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.94/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B3 - MultiFamily | ||
| Price | $2,011,730 CAD |
| Price Per Unit | $287,390 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,650 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2021 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | B3 - MultiFamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | 800 |
| 1+1 | 3 | - | 600 |
| Studios | 1 | - | 400 |
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PROPERTY TAXES
| Parcel Number | 49-42-02-03-1150 | Total Assessment | $1,236,724 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $27,114 CAD ($5.83 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-42-02-03-1150
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,236,724 CAD
Annual Taxes
$27,114 CAD ($5.83 CAD/SF)
Tax Year
2025
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620 SW 7th St
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