930 N 14th Ct - Apartments FOR SALE


Hollywood, FL 33020- Royal Poinciana
$4,300,000 USD
561-706-0095
930 N 14th Ct, Hollywood, FL for Sale
$4,300,000 USD
Apartments - FOR SALE
1/29
null | 5.98% Cap Rate

930 N 14th Ct
Hollywood, FL 33020
Royal Poinciana


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 Lake Garden Apartments in the Downtown Hollywood area East of US1 near Young Circle and the Hollywood Beach Golf Club. Rare very well-maintained 14-Unit Building For-Sale that has been updated and renovated high-end. 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

$4,300,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

14

PRICE/UNIT

$307,143

CAP RATE

5.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown/East of US1/Near Young Cir+Golf Club

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

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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.