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$1,650,000
Est. payment /mo
6,402 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,402 sqft
Price per Sqft $257
MLS Listing ID A12095641
HOA Y/N No
Year Built 1942
Annual Tax Amount $21,456
Lot Size 0.250 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State FL
County Broward
Area 3050
Zoning DH-3
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 514215012170
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12095641
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Listed by RE/MAX 5 Star Realty
NEARBY SCHOOL & BUSINESS
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