Rare 14-Unit building in the heart of Hollywood. Well-maintained. Modern updated recently including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. Units include central HVAC units & electric hot water tanks. All units feature impact windows & new impact doors. The 1br/1ba units are large and… Read More can potentially be converted to add another room or den! Seller Financing Available! 100% occupied! 13 large 1/1 units & 1 large 2/1 unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking at 2 spaces per unit. All annual leases. Excellent income producing property in Hollywood east of US1 near Hollywood Beach Golf Club, close to to restaurants, shopping, beaches, minutes to Fort Lauderdale Airport. All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. New tenants leasing in the $2,100-$2,200 range. Asking current cap rate is ~6.40%. Excellent very well-maintained and modern renovated building. 13 of 14 units updated. The unit that is not updated is in very good shape with a very long term tenant who helps watch over the building. Seller raising rents to $2,100-$2,200 for each 1/1 unit as leases expire. Pro forma gross income is $378,600+ for 2024+ and current/actual EGI is $365,400 with a NOI of $294,454. Room to add pool in the courtyard area. Seller negotiable. Read Less
Courtesy of Regency Realty Services, Matan Morag PA, 561-394-4600.
Listing Snapshot
Days Online
620
Last Updated
Property Type
Multi Family
Square Ft.
10,529
Lot Size
0.29 Acres
Year Built
1965
MLS Number
R11013720
30 Days Snapshot Of 33020
$130k
-45%
(avg) sold price
2
-50%
homes sold
239
+177%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1965, Construction materials: "CBS", "Concrete", Toal building area: 10529, 14 total units
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