930 N 14th Ct - Apartments FOR SALE


Hollywood, FL 33020
$4,500,000 USD
561-706-0095
930 N 14th Ct, Hollywood, FL for Sale
$4,500,000 USD
Apartments - FOR SALE
1/29
null | 6.28% Cap Rate

930 N 14th Ct
Hollywood, FL 33020


HIGHLIGHTS

  • Seller Financing Available!
  • Market rents for large updated/modern 1-br/1-ba units are $2,100-$2,200.
  • Excellent well-maintained and modern renovated building.
  • Current/Actual EGI of $372,400!
  • Room to add pool in the courtyard area.
  • Rare 14-Unit Building For-Sale in the heart of downtown Hollywood, East of US1.

OVERVIEW

Matan Morag, Regency Realty Services is proud to present this rare 14-Unit Building For-Sale in the heart of downtown Hollywood. Well-maintained. High-end updated/renovated building. Units updated modern including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. Units include central HVAC units & electric hot water tanks. All units feature impact windows & new impact doors. The 1br/1ba units are large and can potentially be converted to add another room or den! Seller Financing Available! 100% occupied! 13 large 1br/1ba units & 1 large 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking at 2 spaces per unit. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches & minutes to Fort Lauderdale Int'l Airport. All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. Newer roof. Excellent well-maintained and modern renovated building. Seller raising rents to market rates of $2,100-$2,200 for each 1/1 unit as leases expire. Current gross income is $372,000 for 2024 and current/actual EGI is $376,200 with a NOI of $277,560. Room to add pool in the courtyard area. Seller negotiable. Seller financing may be available!

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

14

PRICE/UNIT

$321,429

CAP RATE

6.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Lake Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,445 SF

ZONING

RM

APN/PARCEL ID

51-42-10-19-0460

ASK ABOUT THIS PROPERTY

Matan MoragMatan Morag, P.A.More Info
561-706-0095

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

Matan MoragMatan Morag, P.A.More Info
561-706-0095

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