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Updated about 8 years ago,
OFF MARKET - 300 MULTI-UNIT LISTING - HOLLYWOOD, FL - CAP: 5.5%
ASKING: $45M + BUYER FEE
Class A
This happens to be a Class A luxury asset with a very good selection of apartment units, many long term tenants and an established location not far from the ocean. Well maintained with a wide assortment of amenities would make this a valuable asset for any investors portfolio. Rents are currently lower than what the market dictates and new management could easily bring the income up considerably.
UNITS 300
BUILT 1985
BUILDINGS 6
STORIES Four-Story / Elevator-Served
DENSITY 18.43 Units / Acre
SITE SIZE / ACREAGE: 16.28
TOTAL SF 228,336
AVERAGE UNIT SF 761
AVERAGE RENT / SF: $1.69
ROOFS Flat
BUILDING
STUDIO - # / % - 60 / 20%
ONE BEDROOM - # / - % 144 / 48%
TWO BEDROOM - # / % -96 / 32%
COMMUNITY FEATURES
• WATER VIEW (SELECT UNITS)
• PRIVATE BALCONY / PATIO
• WELL-EQUIPPED KITCHEN
• WALK-IN CLOSETS
• HIGH-SPEED INTERNET ACCESS