This listing was posted on ListedBuy.
$5,249,000
Home For Sale In Hollywood, Florida
Price:
$5,249,000
BR/BA:
2 BR, 1 BA
Location:
Hollywood, FL
Description:
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 and water heaters. All units feature impact windows and 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 and 1 huge 2br/1ba unit. Building has security camera system and coin laundry facility. Property has high elevation and ample parking. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches and minutes to Fort Lauderdale Int'l Airport. All units are annual leases. Market sales for the 1br/1ba units are $2, 100-$2, 200. Last 5 leases were saleed 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 sales 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. For more details: /homes_hollywood-d524116/for-sale_i59820276. Still available at ListedBuy!
Property Type:
Single-Family Houses
Amenities:
Pool
For sale by:
By Owner
Posted:
July 21 2023 on ListedBuy
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More About this Listing: Home For Sale In Hollywood, Florida
Home For Sale In Hollywood, Florida is a Two Bedroom One Bath Single-Family Homes for Sale in Hollywood FL. Find other listings like Home For Sale In Hollywood, Florida by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Hollywood FL.
Home For Sale In Hollywood, Florida is a Two Bedroom One Bath Single-Family Homes for Sale in Hollywood FL. Find other listings like Home For Sale In Hollywood, Florida by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Hollywood FL.