- Property ID
No. Units: 6
Lot Size: 11,500 SF
Price/Unit: $69,166.67 /Unit
Property Type: Multifamily
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 7%
No. Stories: 1
Year Built: 1979
Tax ID/APN: 514113120420
Just collect the cash! 6 unit, All Efficiencies, Class C building in booming rental area of Hollywood. Currently being run as a motel but zoned Multi Family (RM-18). With weekly and monthly rentals, this property generates a steady 9% CAP rate! No evictions or headaches; just cash! Keep current management in place or manage on your own for additional cash flow.
Located just North of Hollywood Blvd, West of the Florida Turnpike. Conveniently located near transportation, schools and places of worship.
Financial Summary / Actual
Scheduled Gross Income / $61,200
Operating Expenses / $31,560
Net Operating Income / $29,640
Unit Mix Information
Description / No. Units / Avg. Mo. Rent / Sq. Ft.
Efficiency Apartments with Full Kitchens / 6 / $850 / 300
- 9% CAP rate with no headache
- All units with individual meters
- Currently run as motel and month to month rentals
- Great opportunity to invest at low price point
- No evictions no headaches just cash!
- Only $54 766 per unit!