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

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