11
$1,450,000 Sale
Listed 4 hours ago
620 SW 7th Street #17
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Key Facts
Key facts for 620 SW 7th Street #17
Property Type
Apartment, Unspecified
Parking
Unspecified , 9 parking
MLS #
A11948899
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$21,212 /yr
Days on Market
-
Year Built
1974
Maintenance Fee
-
Description
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 proper...ty. 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., Directions:
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Courtesy of: RPM LUXE REALTY

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