206 S 15th Ave - Apartments FOR SALE


Hollywood, FL 33020- Downtown Hollywood
$1,599,000 USD
954-743-7594
206 S 15th Ave, Hollywood, FL for Sale
$1,599,000 USD
Apartments - FOR SALE
1/12
null | 6.49% Cap Rate

206 S 15th Ave
Hollywood, FL 33020
Downtown Hollywood


HIGHLIGHTS

  • Fully Occupied with a $10,400 monthly rent roll with room to increase to market rates!
  • Prime Location in Hollywood Lakes: Steps from Young Circle, dining, shopping, and minutes to the beach
  • Unit Mix: Two (2) Units are 2 Bed/1Bath, Three (3)units are 1 Bed/1Bath and 1 Studio Unit + Coin Laundry Room
  • 2 Structures on a Corner Lot in a Prime Location. Brand New Roof 2024!

OVERVIEW

Fausto Commercial proudly presents 206 S 15th Ave, a unique 6-unit multifamily property located on a corner lot in the sought-after Hollywood Lakes area of downtown Hollywood. The property consists of two buildings with a well-balanced unit mix: two 2-bed/1-bath units, three 1-bed/1-bath units, and one studio. Fully leased and featuring a coin-operated laundry room for added income, this asset is ideally positioned near restaurants, bars, shopping, and just minutes from the beach. Recent improvements, including a new roof and updated landscaping, enhance its appeal, with projected pro forma gross income expected to increase to $142,400 annually.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,500

CAP RATE

6.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Unit in Hollywood Lakes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,770 SF

ZONING

Rs-6, Hollywood

APN/PARCEL ID

51-42-15-02-4590

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.