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20091707
20091708

2704 Polk St, Hollywood, FL 33020

RM
FL 3402452
MCG Realty Advisors
Listed by MCG Realty Advisors
$1,520,000
632 days on market
Updated 1 day ago

2704 - 2710 POLK ST HOLLYWOOD

Details
Property Type Multifamily, Land (+1)
Sub Type Single Family Rental Portfolio, Residential
Square Footage 19,756
Units 33
Cap Rate 6.72%
NOI $102,143
Occupancy 100%
Class B
Lot Size (SqFt) 19,756
Zoning TC-1
Parking Spaces 12 spaces
Parking Per SqFt 0.61
Investment Type Value Add

MULTIFAMILY INVESTMENT OPPORTUNITY IN HOLLYWOOD

Marketing description

MCG Realty Advisors is excited to present an exclusive opportunity to acquire an assemblage of five income-generating private homes located just east of the I-95 corridor in one of the best areas of Hollywood, Florida.

The assemblage consists of four 3/2 private homes with one additional detached efficiency. The homes are an expansive 1,240 square feet each and have been upgraded with new tile floors, kitchens, appliances and bathrooms. There are central A/C units for all buildings and ample parking for residents and guests.

The five separate private homes are situated together on an expansive 19,756 SF private fenced community offering excellent security and safety. The properties are all fully leased and generate a total annual income of $128,400, providing exceptional current cash flow.

This prime site also offers excellent potential for future development, with current approvals in place for up to 33 residential units. This is a rare investment opportunity for multifamily operators to take advantage of the current high rental market while potentially redeveloping in the future.

Investment highlights

KEY HIGHLIGHTS

  • Private Homes: Four separate 3BR/2BA buildings

  • Efficiency: 1 detached efficiency apartment

  • Central Air Conditioned

  • Fenced in Community

  • 100% Occupancy

  • 40-Year Recertification Completed

  • Ample Private Parking

Listing Contacts

RM
FL 3402452
MCG Realty Advisors
Listed by MCG Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$102,143.00
$8,511.92/mo

Valuation Metrics

0
DSCR
6.72%
Cap Rate
6.72%
ROI

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Additional Information

Name
Ron Mann
License
3402452
Brokerage
MCG Realty Advisors
Brokerage Phone
3054901404
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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