MLS # :A11572661 |
Price :$2,499,000 |
Status :
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Listing Date :Apr 22, 2024 |
Square Footage :Not Available |
County :Broward County |
Square Footage :Not Available |
Year Built :1972 |
Taxes :$33,050 Per Year |
Waterfront :No |
Virtual Tour :
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Remarks :Exceptional investment opportunity in Hollywood, Florida! A 12-unit apartment building promises immediate revenue growth, with units currently leased 35% to 40% below market rates. What sets this property apart is its approved zoning by the City of Hollywood, paving the way for a new 4-floor structure to be built. This expansion would increase income by aligning rents with market rates and adding more units. The owner provides favorable financing terms, requiring only a 30% down payment. Financing is available through a 25-year amortized note, with a balloon payment due in 5 years, offering flexibility for interested parties to discuss specific terms later. Positioned in a prime location, the property is conveniently close to the beach, restaurants, shops, nightlife, and highways. |
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Call: 305-998-9922
Sunny Realty
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Tel.
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