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MLS # :A12109921 |
Price :$6,000,000 |
Status :
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Listing Date :Oct 16, 2026 |
Square Footage :Not Available |
County :Broward County |
Square Footage :Not Available |
Year Built :1962 |
Taxes :$2,879 Per Year |
Waterfront :No |
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Remarks :22-unit multifamily investment opportunity just north of Downtown Hollywood! Offered at $6,000,000, this property features 14 one-bedroom and 8 two-bedroom apartments totaling approximately 14,550 SF of rentable unit area. The majority of unit interiors have been renovated, with updated flooring, lighting, ceiling fans, and select upgraded kitchens. Property features a gated landscaped courtyard, outdoor seating, on-site coin laundry, and off-street parking. Currently 72.7% occupied with 16 of 22 units leased, generating $346,752 in annualized rental income. Significant value-add potential through leasing six vacant units and bringing rents to projected market levels. Pro forma NOI of $312,063 and projected 5.20% cap rate. Conveniently located near Downtown Hollywood, Young Circle, University Station, Hollywood Beach, US-1, and I-95. Excellent opportunity in a growing South Florida market! |
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Call: 305-998-9922
Sunny Realty
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