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%
Investors / End Buyers Only. No Brokers.
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Updated on September 23, 2020 at 7:15 pm