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.

Features
Architectural Style
Parking Features
Address Map
State:
FL
County:
Broward
City:
Hollywood
Zipcode:
33023
Longitude:
W81° 47' 4.6''
Latitude:
N25° 59' 12.7''
MLS Addon
Building Area:
4,471 Sqft
Construction Materials:
Block
Cumulative DOM:
85
DOM:
86
Internet Listing Display:
1
Parcel Number:
514124140770
Tax Annual Amount:
$21,434
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Commercial Sale For Sale

Hollywood, Florida 33023

10,602 Sqft
$1,580,000
MLS # #A12025025
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$1,580,000
Year Built :
1959
Lot Area :
10,602 Sqft
MLS # :
A12025025
Property Sub Type :
Multi Family
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