29 APARTMENT UNITS PACKAGE-21782

Multifamily / Garden Apartments / 1821 THOMAS STREET , Hollywood Florida 33020

 
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Gulya Zhakupova

Capital Commercial Real Estate Group

Office Phone: 305-318-8250

Cell Phone: 305-318-8250

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Published on: Tuesday, June 17, 2014 3:30:28 PM
Updated on: Tuesday, June 17, 2014 3:30:28 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30849

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 95%

Year Build: 0

 

Building Size: 12,951 SqFt

Lot Size: 1 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: There have been significant capital improvements to this exclusively listed turn-key property. Boasting 95% occupancy Hollywood Sherman and Thomas Apartments is comprised of two buildings that total 29 units, 2 two bedroom, 6 one bedroom one bathrooms and 21 efficiencies. The property amenities include patio area, pool, laundry room and a lush landscaping throughout. Electricity is directly metered and paid by the tenants. The owner pays for common area electricity, water, sewer, landscaping and trash. Hollywood Sherman and Thomas Apartments offers an investor a rare opportunity to acquire a fully stabilized property that has undergone extensive renovations while maintaining 95% occupancy and being primly located in an excellent Hollywood location that provides excellent access to: jobs, stores, shopping, transportation, beach and major highways. Location with excellent access to: jobs, stores, shopping, transportation, beach and major highways.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 8.1

Commission Split (%): 2

Complete Details


Year Build: 0

Building Size: 12,951 SqFt.

No of Stories: 2

Total Lot Area: 1.00 Acre

No of Parking: 0

No of Total Units: 29

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: 95%

Full Description


There have been significant capital improvements to this exclusively listed turn-key property. Boasting 95% occupancy Hollywood Sherman and Thomas Apartments is comprised of two buildings that total 29 units, 2 two bedroom, 6 one bedroom one bathrooms and 21 efficiencies. The property amenities include patio area, pool, laundry room and a lush landscaping throughout. Electricity is directly metered and paid by the tenants. The owner pays for common area electricity, water, sewer, landscaping and trash. Hollywood Sherman and Thomas Apartments offers an investor a rare opportunity to acquire a fully stabilized property that has undergone extensive renovations while maintaining 95% occupancy and being primly located in an excellent Hollywood location that provides excellent access to: jobs, stores, shopping, transportation, beach and major highways. Location with excellent access to: jobs, stores, shopping, transportation, beach and major highways.

Additional Properties


Property Tenants
  • TENANTS PAY ELECTRIC
Property Highlights
  • CAPITAL IMPROVEMENTS HAVE BEEN PERFORMED
Property Utilities
  • DIRECTLY METERED
Features
  • GREAT LOCATION
  • LAUNDRY FACILITIES ON PREMISES

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$220,115.00
$0.00
$70,140.00
$149,975.00
$0.00
0%
Cash Flow for Current Listings
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