The Taylor Residences, located in Hollywood, Florida, is a nine-unit multifamily
investment opportunity in Hollywood. The unit mix
consists of eight-unit apartment building (1-bed/1-bath ~734 SF) and a
2-bedroom/1-bath HOUSE that shares the same parcel.
The property was built in 1974 with durable concrete block construction. All
nine units are on year-long leases, providing stability and a predictable cash
flow. Additionally, the investment offers added value, as water, sewer, and trash
are included in rent - making the property attractive to renters.
The property presents a 10% rental upside with rents currently below market
rates. With year-long leases in place, there is an opportunity to adjust rents
upon lease renewals or when market conditions permit, enhancing revenue
potential.
The property has completed its 50-Year Certification, ensuring it meets
all safety and structural requirements.