1544-1546 Arthur St , for Sale & Rent

1544-1546 Arthur St for Sale & Rent

Price $2,400,000.00

• Lot size 17926
• Year Build 1967
• Waterfront
• Zip 33020
• Style
• Parking Description
• Pool Yes
• Status Active

Description

This 10-unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 6,961 leasable SF, well situated on a large 17,926 sf lot. This property currently is 100% occupied with legacy tenants. The units are easy to manage and are well maintained. The property is currently grossing $143,400 per year and is netting $101,173. This net income provides an investor with a strong 4.23% capitalization rate at a current occupancy. All current tenants are month to month which gives an investor the opportunity to increase rental rates to market value.

Please remember to not disturb the existing tenants, all showings are by appointment only. Call listing broker for additional information.

HOLLYWOOD PLACE 7-6 B LOT 1 S 24,LOT 2 BLK 2

This 10-unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 6,961 leasable SF, well situated on a large 17,926 sf lot. This property currently is 100% occupied with legacy tenants. The units are easy to manage and are well maintained. The property is currently grossing $143,400 per year and is netting $101,173. This net income provides an investor with a strong 4.23% capitalization rate at a current occupancy. All current tenants are month to month which gives an investor the opportunity to increase rental rates to market value.

City:Hollywood,Zoning:RM-12,List A O R:A-Miami Association of REALTORS,Latitude:26.0225633,List Price:2400000,Listing Id:A11358159,Longitude:-80.1385624,Mls Status:Active,Year Built:1967,Postal Code:33020,Street Name:Arthur St,Coordinates:1:26.0225633,Photos Count:3,Business Type:1:Residential-Multi-Family,Lot Size Units:Square Feet,On Market Date:2023-03-16,Parcel Number:514210170160,Property Type:Commercial Sale,Street Number:1544-1546,Public Remarks:This 10-unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 6,961 leasable SF, well situated on a large 17,926 sf lot. This property currently is 100% occupied with legacy tenants. The units are easy to manage and are well maintained. The property is currently grossing $143,400 per year and is netting $101,173. This net income provides an investor with a strong 4.23% capitalization rate at a current occupancy. All current tenants are month to month which gives an investor the opportunity to increase rental rates to market value.,County Or Parish:Broward County,Expiration Date:2023-09-30,List Office Name:RE/MAX 5 Star Realty,Private Remarks:Please remember to not disturb the existing tenants, all showings are by appointment only. Call listing broker for additional information.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3771,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:12264,Unparsed Address:1544-1546 Arthur St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:6961,Building Area Units:Square Feet,Lot Size Square Feet:17926,Number Of Buildings:2,Original List Price:2400000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks:This 10-unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 6,961 leasable SF, well situated on a large 17,926 sf lot. This property currently is 100% occupied with legacy tenants. The units are easy to manage and are well maintained. The property is currently grossing $143,400 per year and is netting $101,173. This net income provides an investor with a strong 4.23% capitalization rate at a current occupancy. All current tenants are month to month which gives an investor the opportunity to increase rental rates to market value.,Listing Contract Date:2023-03-16,Originating System I D:miamire,Public Survey Section:10,Street Number Numeric:1544,Tax Legal Description:HOLLYWOOD PLACE 7-6 B LOT 1 S 24,LOT 2 BLK 2,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.0%,Contract Status Change Date:2023-03-16,Internet Address Display Y N:1,Number Of Units In Community:10,Transaction Broker Compensation:2.0%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,