1715 N 16th Ave - Apartments FOR SALE
Hollywood, FL 33020 |
1715 N 16th Ave
Hollywood, FL 33020
HIGHLIGHTS
- 44* Unit, Apartment Building Located East of US-1 (Federal Highway) in Hollywood (Currently Operating as 44 Units – Licensed as a Legal 43 Units)
- Rare Opportunity to Acquire 40+ Units East of Federal Highway (US-1) in Broward County
- Being Offered for Sale at 9.6x Current Gross Rent and ~8.5 GRM at Market Rents
- Value Add Opportunity – 1-Bedrooms averaging $1,600 & 2-Bedrooms averaging $1,850
- Concrete Roof, Central A/C, 3 Laundry Rooms, Elevator, Pool, Storage Rooms
- Proximate to Federal Highway, Sheridan Street, Hollywood Boulevard, Young Circle, South Broward High School, Hollywood Beach and Downtown Hollywood
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Executive Rental Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
29312
STORIES
3
YEAR BUILT
1969
PARKING SPACES
26
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
51-42-10-40-0250
