Description
Annual Tenants, Value Add opportunity. Current 6.5% Cap Could be 8.5% Cap. All tenants current and want to stay. Most tenants lived here long term, below market rents. 8 Unit multifamily property. 2 - Two bedroom units, 5 - One bedrooms units, and 1 - Studio. Most are long term tenants with rents under market. Total living square footage is 6440. 3 buildings on over sized 20,004 square foot lot! Great opportunity to own a well maintained, cash flowing property, 100% occupancy, in downtown Hollywood and only two blocks from the new retail core, shopping, and restaurants.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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6,440SQFT
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$194$/SQFT
School Ratings & Info
Description
Annual Tenants, Value Add opportunity. Current 6.5% Cap Could be 8.5% Cap. All tenants current and want to stay. Most tenants lived here long term, below market rents. 8 Unit multifamily property. 2 - Two bedroom units, 5 - One bedrooms units, and 1 - Studio. Most are long term tenants with rents under market. Total living square footage is 6440. 3 buildings on over sized 20,004 square foot lot! Great opportunity to own a well maintained, cash flowing property, 100% occupancy, in downtown Hollywood and only two blocks from the new retail core, shopping, and restaurants.
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