Prime 8-Unit Multifamily in East Hollywood, FL – Stable & Value-Add Opportunity
Excellent investment opportunity in a prime East Hollywood location, just east of US-1. This well-maintained 8-unit property features almost fully renovated units, including new kitchens, bathrooms, flooring, appliances, and lighting. Ample 12 parking spaces on-site.
Professionally managed by Management Miami (www.ManagementMiami.com), ensuring smooth operations and tenant stability. All units are under long-term leases with last month’s rent and security deposit collected, providing a stable income stream with long-term upside potential.
Additional value-add opportunity through exterior enhancements and further interior upgrades. Proforma Gross Income: $171,648 & NOI: $108,203 (Current NOI: $86,979).
Short-term rental potential to further increase revenue.
Unique opportunity to keep property taxes low by structuring a Joint Venture with MM Equity Group (www.mmequity.com).
Investment Overview:
Capital Required: $650,000
Estimated Investor IRR: 12.2% (5-Year Projection)
This stable asset with strong upside potential is a rare find in one of Hollywood's most sought-after neighborhoods. Contact us today for more details!