1208 N 57 Ave

Florida, 1208 N 57 Ave, 33021

Property Description

No. Units: 3
Lot Size: 9,312 SF
Price/Unit: $106,666.67 /Unit
Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Property Use Type: Investment
Cap Rate: 8.60%
Occupancy: 100%
No. Stories: 1
Year Built: 1968
Tax ID/APN: 514112041390
Status: Active

Value-add, stable multifamily property with long-term tenants. Below market rate. MTM tenants situation would allow to raise the rent.

Location Description:
N of Hollywood Blvd East of State Rd 7

Financial Summary / Actual
Year / 2014
Scheduled Gross Income / $35,340
Effective Gross Income / $35,340
Operating Expenses / $7,575
Net Operating Income / $27,765

Unit Mix Information
Description / Avg. Mo. Rent
2/1 / $1,075
2/1 / $975
2/1 / $895

Property Features

  • 6 parking spaces
  • All two BD/1BA units
  • Corner lot
  • Long-term tenants
  • Two units in one bldg and the third one in the free standing building
  • Value-add opportunity

Map

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