Commercial property in Hollywood, Florida 691.66 sq.m. № 2282870

Property description

Rarely available 10-unit multifamily property in the heart of Hollywood, Florida — fully occupied, cash-flowing from day one, and priced extremely competitively. Comprising two well-maintained buildings totaling 7,445sq.ft. on a generous 20,060sq.ft. lot, this asset delivers immediate NOI of $158,414 annually, 7.03% Cap Rate and meaningful rent upside still on the table. The unit mix — seven 1BR/1BA, two 2BR/1BA and one 3BR/2BA — attracts a broad renter demographic, reducing vacancy risk across market cycles. Both buildings received a new roof and new wall AC units, dramatically reducing near-term capex exposure and making this a true turnkey acquisition. The location is exceptional. Situated just blocks from Downtown Hollywood's vibrant ArtsPark and restaurant corridor, and only 7 minutes from the award-winning Hollywood Beachfront Broadwalk, demand for rentals here is structural and persistent. Fort Lauderdale–Hollywood International Airport (FLL) is 15 minutes away, and easy I-95 access puts Miami in 25 minutes and Boca Raton in 30 minutes.