10 APARTMENT UNITS-21899

Multifamily / Garden Apartments / 921 N. 19 AVENUE , Hollywood Florida 33020

 
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Lee Babitt

RetroSource Commercial Real Estate, LLC

Office Phone: 954-803-3069225

Cell Phone: 954-803-3069

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Published on: Monday, June 16, 2014 4:12:15 PM
Updated on: Monday, June 16, 2014 4:12:15 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30827

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 2014

 

Building Size: 4,698 SqFt

Lot Size: 0 Acre

No of Stories: 2

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group, Inc. is proud to present this unique property, located in the heart of Hollywood, consists of three (3) improvements which include a two-story apartment building with eight (8) one bedroom/one bath apartments; a one bedroom/one bath cottage; and a three bedroom/one and a half bath house. The cottage was recently renovated and the 2-story building roof is new with a 15-year warranty. The landlord pays the electric for the 2-story building. This investment offers an investor the opportunity to capture an above-average Cap Rate and ROI in this competitive marketplace. The subject East Hollywood neighborhood is a stable residential area, located east of Dixie Highway, one block to Route 1 & retail stores and less than a mile walk to beautiful downtown Hollywood.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 8.3

Commission Split (%): 2

Complete Details


Year Build: 2014

Building Size: 4,698 SqFt.

No of Stories: 2

Total Lot Area: 0.00 Acre

No of Parking: 0

No of Total Units: 10

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description


Capital Commercial Real Estate Group, Inc. is proud to present this unique property, located in the heart of Hollywood, consists of three (3) improvements which include a two-story apartment building with eight (8) one bedroom/one bath apartments; a one bedroom/one bath cottage; and a three bedroom/one and a half bath house. The cottage was recently renovated and the 2-story building roof is new with a 15-year warranty. The landlord pays the electric for the 2-story building. This investment offers an investor the opportunity to capture an above-average Cap Rate and ROI in this competitive marketplace. The subject East Hollywood neighborhood is a stable residential area, located east of Dixie Highway, one block to Route 1 & retail stores and less than a mile walk to beautiful downtown Hollywood.

Additional Properties


Property Highlights
  • HIGH DEMAND RENTAL AREA WITH VERY LOW VACANCY
  • RENT BELOW MARKET VALUE
Features
  • SHORT WALK TO DOWNTOWN HOLLYWOOD

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$97,920.00
$0.00
$42,636.00
$55,284.00
$0.00
0%
Cash Flow for Current Listings
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