$920,000
$950,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 01/25/2017
Key Details
Sold Price $920,000
Property Type Other Types
Sub Type Income
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H10195996
Sold Date 01/25/17
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 12900
Year Built 1954
Annual Tax Amount $17,000
Tax Year 2016
Lot Size 0.296 Acres
Property Description
Being Offered at a +9% Cap Rate/17% ROI - 9 units rented on a weekly basis for a minimum of $300 per week and includes all utilities. The apartments has all been renovated and are in above average condition. It has received the following improvements: NEW & BATHROOMS INCLUDING FIXTURES, HARDWARE AND SHOWER PANS+TANKLESS WATER HEATER+PORCELAIN/TRAVERTINE TILE FLOORS+HURRICANE IMPACT WINDOWS It is significant to the return on the investment if leveraged is over 17% with a 9.45% cap rate.
Location
State FL
County Broward County
Area Hollywood East (3010-3050)
Zoning RD-12
Interior
Cooling Wall/Window Unit Cooling
Flooring Marble/Slate Floors
Exterior
Water Access N
Roof Type Built-Up Roof
Private Pool No
Building
Story 1.0000
Foundation Cbs Construction
Sewer Public Sanitation
Water Public Water
Construction Status Resale
Others
Pets Allowed No
Security Features Motion Detector,Security Lighting,Security System
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Media Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "