Address: |
view address Hollywood, FL 33020 Map Location |
Features: | Air Conditioning, Multi-level, Pets |
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Square Feet: | 10,529 sq.ft. | Year Built: | 1965 |
Property Type: | Quad Plex | Neighborhood: | Hollywood Country Club District |
County: | Broward | Listing Number: | RX-10905293 |
Listed By: | Regency Realty Services | Virtual Tour: | Click Here |
SUPER RARE!! 14-Unit Building For-Sale in the heart of downtown Hollywood. Very well-maintained. High-end updated/renovated building. All units updated modern including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. All units include central HVAC units & water heaters. All units feature impact windows & stunning new impact doors. All 1br/1ba units are so large they can be converted to 2br units! No vacancies! 13 huge 1br/1ba units & 1 huge 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches & minutes to Fort Lauderdale Int'l Airport. All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. Last 5 leases were rented in the $2,000-$2,200 range. New roof 2017. Asking cap rate is 5.07%. Excellent very well-maintained and updated modern renovated building. 13 of 14 units updated. Last unit that is not updated is in good shape with a very long term tenant who helps watch over the building. Seller raising rents to $2,100-$2,200 for each 1/1 unit as leases expire. Pro forma gross income is $378,600+ for this/next year 2023-2024. Room to add pool in the courtyard area.
Air Conditioning: | Yes | Cable Television Available: | Yes |
Central Air: | Yes | Central Heat: | Yes |
Ceramic Tile Flooring: | Yes | Electric Heat: | Yes |
Living Square Feet: | 10,529.00 | Shingle Roof: | Yes |
Lot Sqft: | 12,444.00 | Lot Zoned: | RM |
Pets Allowed: | Yes | Public Sewer: | Yes |
Public Water: | Yes | Subdivision: | HOLLYWOOD COUNTRY CLUB DISTRICT |
Taxes: | 32,690.40 | Transaction Type: | Sale |
Year Built: | 1965 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.