Introducing an exceptional 11-unit multifamily treasure, showcasing extensive and recently remodeled living spaces that epitomize contemporary luxury. This property has undergone a comprehensive transformation, featuring new windows, plumbing, and electrical systems.

Inside each unit, you’ll find immaculate kitchens embellished with stainless steel appliances and adorned with elegant quartz countertops. The bathrooms have been tastefully reimagined to enhance your comfort and convenience. This property consists of 10 spacious 1-bedroom/1-bathroom units, each offering approximately 550 square feet of living space, along with one studio unit.  All units will have new split-system Air Conditioning.

Notably, each unit is equipped with its own electric meter, offering residents individual control, while a central water meter streamlines property management. The facade boasts a modern yet inviting design and the spacious courtyard provides an ideal retreat. Conveniently located in proximity to downtown Hollywood and transportation hubs, with easy access to I-95 and beautiful beaches, this location is highly sought after by both renters and savvy investors.

This property is undergoing a full renovation with all necessary permits in place, including interior and exterior plumbing upgrades, new stucco, updated windows, a new electrical service, and fully remodeled interiors. The roof still has up to 10 years of life and is being repaired and cleaned.

For parking, there are on-street options available, along with limited off-street spaces.

Anticipated rental rates stand at $2,200 per month, excluding utilities and internet, with a projected Gross Rental Income (GRI) exceeding $284,400 and a Net Operating Income (NOI) surpassing $210,200. Presenting a compelling investment opportunity, this property is offered with a proforma Capitalization Rate (CAP rate) of 6.1%. Don’t miss this chance to enhance your investment portfolio in a prime, sought-after neighborhood.