Active
multifamily
SALE
Hollywood, FL 33023
$1,599,000
Property Details
MLS#
A12025025
Type
Multifamily
Year Built
1959
Tax Amount
$21,434
Property Description
Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition.Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.
Amenities
1 Stories
Built 1959
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30 Year Fixed, 6.59% Interest
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Property location not available
Listing Office:
ISRAM Realty & Management
Listing Agent:
Eyal Melamed
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