$4,600,000
Off Market

930 N 14th Court

Hollywood, FL 33020
10529 sqft | #RX-10905285
Type:Multi-Family
Zone:Commercial

Description

SUPER RARE!! 14-Unit Building For-Sale in the heart of downtown Hollywood. Very well-maintained. High-end updated/renovated building. All units updated modern including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. All units include central HVAC units & water heaters. All units feature impact windows & stunning new impact doors. All 1br/1ba units are so large they can be converted to 2br units! No vacancies! 13 huge 1br/1ba units & 1 huge 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches & minutes to Fort Lauderdale Int'l Airport. All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. New tenants leasing in the $2,100-$2,200 range. Asking current cap rate is ~6.20%. Excellent very well-maintained and modern renovated building. 13 of 14 units updated. The unit that is not updated is in very good shape with a very long term tenant who helps watch over the building. Seller raising rents to $2,100-$2,200 for each 1/1 unit as leases expire. Pro forma gross income is $378,600+ for 2024+ and current/actual EGI is $365,400 with a NOI of $294,454. Room to add pool in the courtyard area. Seller negotiable.

  • Property Details
      • Square Feet10529
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1965
    • Material information
      • RoofComposition
  • Community and Neighborhood Details
      • SubdivisionHOLLYWOOD COUNTRY CLUB DISTRICT
    • Location
      • CountyBroward
      • ZoningRM
  • Financial Details
      • Original List Price$5,249,000
      • Taxes Annual$32,690
  • Other
      • MLS #RX-10905285

Location

Leah Ball & Co.Leah's Property Shop