Posted: Monday, September 25, 2017 9:04 AM
Income producing multi-family property located in the acclaimed city of Hollywood, Florida. The property is located on over 2 Acres of land and is comprised of 26-single story buildings with 87-units.In 2014 the current owners invested over one million dollars (1,025,000) in capital improvements which include new roofs on all 26 buildings with 14-years left on the warranty (expires 2028 $350,000),new central air conditioners in all the units ($175,000), brand new hurricane impact windows and doors in all the units ($375,000), and an update on all of the electric ($125,000). Some of the amenities include a swimming pool,3-laundry facilities and an onsite leasing office .It is east of I-95 centrally located between Miami and Fort Lauderdale and is minutes from everything including I-95, Fort Lauderdale Airport, the beaches and blocks from downtown Hollywood. While providing working class affordable housing for the community these apartments are a turnkey investment that offers the savvy investor significant upside and stabilized cash flow. The area is well known for being a high demand rental market. The surrounding area is highly desired by affluent local and foreign residents. Hollywood boasts the distinction of being selected as an All-America City by the National Civic League and one of Money Magazine's 100 Best Places to live and a City of future. FOR ADDITIONAL INFORMATION CONTACT RANDY NORTH AT 954-483-0909.
• Location: Ft Lauderdale, HOLLWYOOD, FLORIDA
• Post ID: 39588864 ftlauderdale