Property Listing No Longer Available for Sale

Pending-18 Apartments in Broward - 22398

Hollywood, FL

Multi-family for Sale - $1,900,000 - 9,656 Sq. Ft.


Property Info

CIMLS#969034
Location
  Pending-18 Apartments in Broward - 22398
  Hollywood FL 33020
UpdatedApril 18th, 2018
TypeMulti-family
Price$1,900,000
Building9,656 Sq. Ft.

Property Description

Two parcels in one package. Both properties are 100% occupied with upside potential. Terrific cap rate of 6.7% with income from only 3 units in 1723 property. Income can be easily increased to 7+% cap rate with modest rent increases. All units are secured with 1-month security deposit and are mostly on 1-year leases. There are two longer term tenants on month to month. Owner says that laundry could be raised 20% to $1.50/cycle. For additional information, contact Constantin Ciortan at 954-980-7633.


Financials



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