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Commercial Real Estate

CommercialSaleMultifamilyFLHollywood2000, Buchanan St, Hollywood, FL, 33020

Basics

Description

  • Description:

    BONNIE VILLA APTS CO-OP UNIT 1 22-unit multifamily investment opportunity just north of Downtown Hollywood! Offered at $6,000,000, this property features 14 one-bedroom and 8 two-bedroom apartments totaling approximately 14,550 SF of rentable unit area. The majority of unit interiors have been renovated, with updated flooring, lighting, ceiling fans, and select upgraded kitchens. Property features a gated landscaped courtyard, outdoor seating, on-site coin laundry, and off-street parking. Currently 72.7% occupied with 16 of 22 units leased, generating $346,752 in annualized rental income. Significant value-add potential through leasing six vacant units and bringing rents to projected market levels. Pro forma NOI of $312,063 and projected 5.20% cap rate. Conveniently located near Downtown Hollywood, Young Circle, University Station, Hollywood Beach, US-1, and I-95. Excellent opportunity in a growing South Florida market!

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Building Details

  • Structure Type: Apartment
  • Covered Spaces: 0

Expenses, Fees & Taxes

  • Tax Annual Amount: $2,879

Miscellaneous

  • List Office Name: RE/MAX 5 Star Realty

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This -type commercial real estate is located in 2000, Buchanan St, Hollywood, FL, 33020 was built in 1962, and is listed at $6,000,000.

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