FEATURED
1858 Dewey St, Hollywood, FL
Presenting an exceptional investment opportunity in the heart of Hollywood, FL, boasting an impressive 7.51% Capitalization Rate! This meticulously maintained property features 9 newly renovated units, both inside and out.
Seller Financing is available with 50% down;
Full Price Only, Seller’s Mortgage Documents,
and
property managed by a Seller-approved management company
Every unit is thoughtfully furnished, offering tenants a comfortable and convenient living experience. Each residence is equipped with modern split-system air conditioning, flat-screen TVs, and well-appointed kitchens with ample dining space. As a bonus, tenants enjoy hassle-free living with all-inclusive rent covering Wi-Fi, electricity, and water.
This income-generating gem yields a robust Net Operating Income (NOI) of $214,800 annually. For the discerning investor, detailed financials can be provided upon the execution of a non-disclosure agreement.
Nestled within an Opportunity Zone, this property promises a steady income and potential tax advantages. With long-term, stable tenants on annual leases, rest assured this is not an Airbnb or monthly rental property (but it can be with proper licensing). It is impeccably maintained from top to bottom, making it an ideal addition to your portfolio for passive income and peace of mind.
Seize this unique chance to own a turnkey investment property in Hollywood, FL, where success and stability are synonymous.
Property Address
Address
: 1858 Dewey Street
City
: Hollywood
State
: FL
Zip Code
: 33020
Investment Highlights
Highlight
: OPPORTUNITY ZONE
Highlight
: Sold fully rented and fully furnished
Sale Details
Status
: FOR SALE
Sale Type
: Investment
List Price
: JUST REDUCED: $2,862,000.00
Gross Income
: $280,800
NOI
: $214,800
Cap Rate (%)
: 7.51%
Sale Notes
The property is fully occupied. To avoid tenant disruption, the Seller requests that Buyers provide proof of funds to tour. Additionally, an NDA is required for detailed financials.
Property Information & Details
Property Type
: Multifamily/Rental Apartments
Style
: Garden
Rent Type
: Market
Building Status
: Existing
Number of Buildings
: 1
Number of Units
: 9/12
GBA
: 3,632
Occupancy
: 100%
Number of Floors
: 2
Year Built
: 1964
Year Renovated
: 2019
Metering
: Combination
Construction
: Masonry
Elevators
: No
Parking Spaces
: 14
Lot Size
: 0.25 AC / 10,800sf
Zoning
: RM
Zoning Description
: Residential Multifyfamily
APN / Parcel ID
: 51-42-22-10-2180
Unit Mix & Features
Unit Mix
Studios, 10, 300sf +/-
Efficiencies, 2, 250sf +/-
Unit Features
: Air Conditioning, Microwave, Kitchen, Granite Counters, Refrigerator, Oven, Tub/Shower, Wi-fi, Coffee System
Configuration
Bedrooms
: 9+
Bathrooms
: 12
Financial Information
Year
: 2023
Gross Rental Income
: $280,800
Effective Gross Income
: $280,800
RE Tax
: $34,667
Total Expenses
: $65,147
NOI
: $214,800
Property Features
Courtyard
Laundry Facilities
Picnic Area
Wi-Fi
Backyard
On-site Parking
Street Parking
