Address
1841 Adams St # 1-4 Hollywood, FL
Price
$ 750,000
Property Attributes
  • MLS#A10925395
  • TypeCommercial
  • CountyBROWARD
  • CityHollywood
  • Area3050
  • Zip33020
  • StyleMultiFamily
  • Year Built1980
  • Taxes7690
  • Price$ 750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,183 SqFt
Listing Provided Courtesy Of:
RE/MAX 5 Star Realty
Property Description

The subject property consists of five 1B/1B and one large studio; the total building size is 2,763 SF, well situated on a large 8,183 sf lot. All apartments are leased and in overall excellent condition. Most of the units have been renovated in last 2 years including new bathrooms, flooring, paint, impact windows, and new roof. The apartments are leased between $700.00 -$900.00 per month, grossing $54,000 per year. After all expenses this property is netting $40,550 per year providing an investor with an 5.00% actual capitalization rate at full asking price. A new owner can increase current rents to $950-$1,150 per month which would raise the net income to $66,350 per year providing a 8.84% capitalization rate on a pro-forma basis.

Price History
9/10/2020 Listed $750,000

General Features

MLS Area 3050
Property SubType MultiFamily
Property Type CommercialSale
Structure Type MultiFamily
Unit Number 1-4

Exterior Features

Covered Spaces 0.0
Lot Size Area 8183.0
Lot Size Square Feet 8183.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33020

Price
AVG $1.34M
$750K
Taxes
AVG $22,026
$7,690
Visits
AVG 51
10
Year Built
AVG 1959
1980
Walkscore
AVG 78
83
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover