USD 1,799,000
1858 Dewey St 1-9
Hollywood, Florida 33020
For Sale
Property Description
Offered at a 9.46% ACTUAL Cap Rate - 9 Units in Hollywood, FL. 9 Units, 2 of which are legally modified for 10 studios and 2 efficiencies, offering 12 rentable units while still being 9 legal units. BRAND NEW UNITS INSIDE & OUT. Fully furnished, fully rented with annual leases. All units have AC w/ split systems. Each unit has a flat-screen TV and fully equipped kitchens with dining space. Wi-Fi + electricity and water, all included in the rent. NOI of $170,200. Detailed financials are available with a fully executed non-disclosure agreement. Located in an Opportunity Zone. This is not a Fix & Flip - the property has been updated and stabilized – ideal passive income. Tenants are on annual leases - this is not an Airbnb or monthly rental. Impeccable condition top to bottom.
Listed by Alterra Realty Group Inc
Property Details
- ID #
- A10915668
- Status
- Sale
- Type
- Commercial, Industrial, Income/Multi-Family 5+
- Zip Code
- 33020
- Lot Area
- 10,890ft2
- Year Built
- 1964
- Parking Spaces
- 15
- Building Feature
- Security system, Smoke alarms
- Construction
- Concrete Block Construction, Frame Construction
- Electric Service
- 101-200 Amps
- Floor
- Ceramic Floor
- Location
- Corner Lot, In Residential Area
- Occupancy
- Call Listing Agent
- Parking
- Common Parking
- Road Type
- Two Lane
- Roof
- Built-Up Roof
- Security
- Security Lighting
- Type of Building
- Apartments
- Utilities
- Internet
- Zoning Information
- RM
