Presenting an outstanding investment opportunity nestled in the heart of Hollywood, FL, this property boasts an impressive 7.8%+ Capitalization Rate.

Meticulously maintained, the offering comprises 12 renovated studios, both aesthetically pleasing and functional. Thoughtfully furnished, each unit provides tenants with a comfortable and convenient living experience. Modern amenities include split-system air conditioning, flat-screen TVs, and well-appointed kitchens with ample dining space. The all-inclusive rent covers Wi-Fi, electricity, and water, ensuring a hassle-free living experience.

Rent is currently collected weekly for higher income. The property manager will convert to the standard collection and update leases. See attachments for income and expenses, along with income and monthly collection. The change is from 7.8% CAP to 6.17% CAP at the asking price.

This income-generating gem yields a robust Net Operating Income (NOI) of $195,000 annually. Detailed financials are available upon the execution of a non-disclosure agreement, catering to the discerning investor.

(Please note that 1858 Dewey Street is legally configured as 9 units; however, historical reconfiguration with dividing doors in 2 rooms allows for renting out 2 units as single units or studios. The current rental configuration is 12 studios. Contact the listing agent for more info)

Situated within an Opportunity Zone, the property not only promises a steady income but also potential tax advantages. With long-term, stable tenants on annual leases, rest assured that this property is impeccably maintained, offering an ideal addition to your portfolio for passive income and peace of mind.

This unique opportunity is perfect for those seeking a turnkey investment property in Hollywood, FL, where success and stability go hand in hand.

Contact the listing agent with all questions.

This site also offers redevelopment opportunities!