Listed by Sunst Real Estate LLC
$4,399,999
Hollywood East
Details
APN 514213013500
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 5,857
Net Rentable (SqFt) 5,857
Cap Rate 4.34%
NOI $191,156
Occupancy 92%
Pro-Forma Cap Rate 8.18%
Pro-Forma NOI $360,125
Price per SqFt $751
Class B
Year Built 1971
Year Renovated 2015
Buildings 1
Acreage 0.219
Zoning BRT-25-R
Parking Spaces 12 spaces
Parking Per SqFt 2.05
Investment Type Value Add
Sale Condition N/A
Turnkey income-producing Boutique 12-Unit Beach Resort Residential Building
Marketing description
12 steps from the Atlantic. 12 income-producing units. Rarely does proximity meet opportunity like this. This fully renovated, gated compound sits on Hollywood Beach Broadwalk — one of Travel+Leisure's Best Beach Boardwalks in America. Every unit delivers a full kitchen, split-AC system, and impact windows. Secured tropical courtyard with BBQ, on-site laundry, and 12 private parking spaces. New Spanish tile roof, updated plumbing and electrical throughout. All leases month-to-month — flip to short-term rental from Day 1. The location speaks for itself: Margaritaville steps away, Related Group's 39-story luxury tower under construction on the same Broadwalk, and the City's planned Broadwalk extension starting at Georgia Street. Over $1.5B in active development surrounds this block. Zoned BRT-25-R. Grandfathered 12-unit density no new build can replicate. A Live Local corridor where developers are spending $40M+ assembling comparable land. Buy the income. Hold the land. The block is transforming.
Investment highlights
Steps from the Atlantic, this property is positioned at the intersection of Hollywood Broadwalk's hospitality corridor and the area's premier multi-modal transit node. Eleven units generating immediate cash flow, with hotel/B&B license on hand and getting the most from the zoning envelope.
Listing Contacts
Listed by Sunst Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$191,156.00
$15,929.67/mo
Valuation Metrics
0
DSCR
4.34%
Cap Rate
4.34%
ROI
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