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Description

Property a 17-unit apartment complex consisting of two buildings situated on one parcel along Hollywood, Florida.​

The property was constructed in 1956 of concrete block with painted stucco exterior and the buildings are situated on just under half an acre.​

The west building is one-story and the east building is two-stories.​ The unit mix consists of eight studio apartments, six one-bedroom apartments, and three two-bedroom/one-bathroom apartments, each with a wall air-conditioning unit.​

All utilities are paid by the owner and each building has one electric meter and one central gas water heater.​ The buildings also each have their own septic tanks and drain fields.​

Units: 17; Price per unit: $108,823.53; NOI: $108,364; Cap Rate: 5.86%

Investment highlights:

  • 100% Leased
  • 17 Units over 2 Buildings on one parcel
  • 8 Studios, 6 1B, 3 2B/1Ba
  • Individual wall AC units
  • Utilities paid by owner
  • Each building has own septic tank, drain field

Investors / End Buyers Only. No Brokers.

For more information, email dluxjed@gmail.com

The information provided, including but not limited to SqFt, lot size, measurements, CAP rates, NOI, etc have been obtain from third parties. Because any disclaim might be subject to error, prospective purchasers shall conduct his/her/it own verification/due diligence of this information, warranty or representation. Information courtesy of Crexi, Marcus&Millichap.

Address

  • City: Hollywood
  • Country: United States

Detail

Updated on September 23, 2020 at 7:15 pm

  • Price: $1,850,000
  • Property Size: 7623 Rentable SqFt
  • Land Area: 0.48 Acres
  • Year Built: 1956
  • Property Type: Apartment Building, Commercial
  • Property Status: For Sale

Contact info

D'Lux Real Estate Services
D'Lux Real Estate Services

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