USD 2,400,000

1544-1546 Arthur St
Hollywood, Florida 33020

Beds
Baths 0

Property Description

This 10-unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 6,961 leasable SF, well situated on a large 17,926 sf lot. This property currently is 100% occupied with legacy tenants. The units are easy to manage and are well maintained. The property is currently grossing $143,400 per year and is netting $101,173. This net income provides an investor with a strong 4.23% capitalization rate at a current occupancy. All current tenants are month to month which gives an investor the opportunity to increase rental rates to market value.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A11358159
Status
Sale
Type
Commercial, Industrial
Zip Code
33020
Year Built
1967
Occupancy
Tenant Occupied
Type of Building
Apartments, Residential-Multi-Family
Utilities
Internet
Zoning Information
RM-12
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 2.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.

Similar Listings