Rare 8-unit multifamily investment opportunity just north of Downtown Hollywood. Property consists of 3 buildings totaling approximately 6,402 SF on a 10,904 SF lot with a unit mix of four 1/1s, two 2/1s, one 2/2 and one studio. Currently 87.5% occupied with 7 of 8 units leased. Current NOI is approximately $85,548 with a 5.18% cap rate. Ownership projects approximately $132,608 NOI and an 8.04% cap rate at full occupancy and projected rents. Major capital improvements include replacement roofs on all 3 buildings, updated HVAC systems, updated bathrooms in every unit and 5 renovated kitchens. Features include on-site laundry, private terrace, separate rear cottage and dedicated parking for the front house. DH-3 zoning near Hollywood Blvd, Young Circle, Dixie Hwy and US-1.
| MLS # | A12095641 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1942 |
| Days On Site | 38 |
| Listing Provided By | RE/MAX 5 Star Realty | John DeMarco |
| SQ Feet | 6,402 |
|---|---|
| Building(s) | 3 |
| Zoning | DH-3 |
| Acreage | 0.25 |
| Tax Annual Amount | 21456 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWEA Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $1,650,000 low | high Med: $6,000 sqft: 6,402 low | high Med: 2,400 $ / sqft: $258 low | high Med: $3 On site: 38 low | high Med: 153 | |
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWEA Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $1,650,000 low | high Med: $6,000 sqft: 6,402 low | high Med: 2,400 $ / sqft: $258 low | high Med: $3 On site: 38 low | high Med: 153 | |
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