About This Property

Rare 8-unit multifamily investment opportunity just north of Downtown Hollywood. Property consists of 3 buildings totaling approximately 6,402 SF on a 10,904 SF lot with a unit mix of four 1/1s, two 2/1s, one 2/2 and one studio. Currently 87.5% occupied with 7 of 8 units leased. Current NOI is approximately $85,548 with a 5.18% cap rate. Ownership projects approximately $132,608 NOI and an 8.04% cap rate at full occupancy and projected rents. Major capital improvements include replacement roofs on all 3 buildings, updated HVAC systems, updated bathrooms in every unit and 5 renovated kitchens. Features include on-site laundry, private terrace, separate rear cottage and dedicated parking for the front house. DH-3 zoning near Hollywood Blvd, Young Circle, Dixie Hwy and US-1.

Key Features

• 10,904 sq ft Lot
• Built in 1942

Property Details

• Type: Single Family Home
• Year Built: 1942
• Lot Size: 10,904 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 10,904 sq ft Lot
• Feature: Built in 1942
• Status: Active
• MLS Number: 1191449120
• Days on Market: 5
• Listed By: RE/MAX 5 Star Realty · John DeMarco
• Zip Code: 33020