USD 1,200,000

1956 Lincoln St
Hollywood, Florida 33020

For Sale

Property Description

The subject property consists of 1­-1B 1B, 8 large studios, and 1 efficiency. The total building size is 3,588 SF, well situated on a large 10,000 SF lot. All apartments are leased and in overall excellent condition. Most of the units have been recently renovated and include new kitchens and bathrooms, ceramic flooring, new appliances, impact windows, newer water heaters, and new HVAC. The apartments are leased between $645-$975 per month, grossing $103,800 per year. After all expenses, this property is netting $69,600 per year providing an investor with a 5.8% actual capitalization rate. Seller financing available with flexible terms, subject to buyers' qualifications. Can be sold with A10912431 and A10912458 creating a 28 unit portfolio.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A10912436
Status
Sale
Type
Commercial, Industrial
Zip Code
33020
Year Built
1952
Occupancy
Tenant Occupied
Type of Building
Apartments, Commercial/Residential Income
Utilities
Internet
Zoning Information
PS-1

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