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930 N 14th Court

Hollywood, FL 33020
  • $4,700,000
  • STATUS: Active
  • ON SITE: 311 Days
  • MLS #: RX-10905285
UPDATED: 101 min ago
$4,700,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,529
    SQFT
  • $446
    $/SQFT
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

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. Last 5 leases were rented in the $2,000-$2,200 range. New roof 2017. Asking cap rate is 5.07%. Excellent very well-maintained and updated modern renovated building. 13 of 14 units updated. Last unit that is not updated is in 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 this/next year 2023-2024. Room to add pool in the courtyard area.

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www.billeroproperties.com/homes/141608397
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930 N 14th Court Hollywood, FL 33020

  • Price: $4,700,000
  • Status: Active
  • On Site: 311 Days
  • Updated: 101 min ago
  • MLS #: RX-10905285
0
Beds
0
Baths
0
½ Baths
0.29
Acres
10,529
SQFT
$446
$/SQFT
1965
Built
Neighborhood:
Hollywood Country Club District
County:
Broward
Area:
Hollywood
Property 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. Last 5 leases were rented in the $2,000-$2,200 range. New roof 2017. Asking cap rate is 5.07%. Excellent very well-maintained and updated modern renovated building. 13 of 14 units updated. Last unit that is not updated is in 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 this/next year 2023-2024. Room to add pool in the courtyard area.
Exterior Features

Construction CBSConcrete Roof Comp Shingle Waterfront YN No

Interior Features

Bath Toilets 14.00 Cooling Central Flooring Ceramic Tile Heating Central Percent Air Conditioned 100.00

Property Features

Auction No Available Docs Survey Available Info Books & RecordsExisting Survey Built Desc Resale Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease Annual List Office Board Code Realtor Association of the Palm Beaches (RAPB) Location Beach AreaCentral Business DstCityGolf Course Meters 15.00 Monetary Info Gross Oper Income 339642.00 Monetary Info Net Oper Income 274731.58 Monetary Info Total Expenses 64910.42 Monetary Info Vacancy Rate 0.00 Possession At ClosingFunding Sale Includes Building and LandFixtures Tax Amount Real Estate Taxes 32690.42 Tax Year 2022 Tenant Pays Electric Terms Considered CashConventionalOwner Type Of Building Income Use IncomeOther Utilities CableElectricPublic SewerPublic WaterSeparate Meter Zoning RM

Listing provided courtesy of Regency Realty Services: . Listing information © 2024 BeachesMLS
 
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