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Hollywood, FL

Listing Details

  • $1,599,000
  • MLS# A12025025
  • Type Commercial - Industrial
  • Status Active
  • 0.243 acres
    Lot Size
  • 1959
    Year Built

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... Read more 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.

Key Features

No amenity information available.

View All Features

Hollywood, FL 33023
County
Broward

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Industrial
  • Crops Included Y/N: No
  • Days on Site: 77
  • Exterior: Concrete Block Construction
  • Fenced: Yes
  • Home Warranty Y/N: No
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional/Refinance
  • Lot Size: 0.24 Acres
  • Parcel#: 514124140770
  • Parking: Assigned
  • Parking Notes: Assigned
  • Property Attached Y/N: No
  • Property Sub-Type: Income/MultiFamily
  • Security: Security Fence
  • Taxes: $21,434
  • Year Built: 1959