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 | |
Updated | April 18th, 2018 |
Type | Multi-family |
Price | $1,900,000 |
Building | 9,656 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.