Courtesy of: Rodger Morelli, RPM LUXE REALTY, info@rpmluxe.com
Courtesy of: Rodger Morelli, RPM LUXE REALTY, info@rpmluxe.com
$1,475,000
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Single Family Attached
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$1,475,000
620 SW 7th St 1-7 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!!
Courtesy of: Rodger Morelli, RPM LUXE REALTY, info@rpmluxe.com
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