1841 Adams St #6,Commercial/Residential Income, Residential-Multi-Family

1841 Adams St #6 (6), Hollywood, Florida, 33020

Price $750,000.00

  • Lot size 8183
  • Year Build 1980
  • Waterfront
  • Zip 33020
  • Style
  • Parking Description
  • Pool Yes
  • Status Active

Description

The subject property consists of five 1B/1B and one large studio; the total building size is 2,763 SF, well situated on a large 8,183 sf lot. All 6 apartments are leased and in overall excellent condition. Most of the units have been renovated in last 2 years including new bathrooms, flooring, paint, impact windows, and new roof. The apartments are leased between $700.00 ?-$900.00 per month, grossing $54,000 per year. After all expenses this property is netting $40,550 per year providing an investor with an 5.00% actual capitalization rate at full asking price. A new owner can increase current rents to $950?-$1,150 per month which would raise the net income to $66,350 per year providing a 8.84% capitalization rate on a pro-?forma basis.

The city of Hollywood has it listed as a 4-unit building. Full permit history unknown Buyer to verify with the city.

HOLLYWOOD 1-21 B LOT 4 E 20,LOT 5 BLK 34

The subject property consists of five 1B/1B and one large studio; the total building size is 2,763 SF, well situated on a large 8,183 sf lot. All 6 apartments are leased and in overall excellent condition. Most of the units have been renovated in last 2 years including new bathrooms, flooring, paint, impact windows, and new roof. The apartments are leased between $700.00 ?-$900.00 per month, grossing $54,000 per year. After all expenses this property is netting $40,550 per year providing an investor with an 5.00% actual capitalization rate at full asking price. A new owner can increase current rents to $950?-$1,150 per month which would raise the net income to $66,350 per year providing a 8.84% capitalization rate on a pro-?forma basis.

City:Hollywood,List A O R:A-Miami Association of REALTORS,Latitude:26.0052647,Malone Id:2034633523,List Price:750000,Listing Id:A10925395,Longitude:-80.1442322,Mls Status:Active,Year Built:1980,Postal Code:33020,Street Name:Adams St,Unit Number:6,Coordinates:1:26.0052647,Photos Count:6,Business Type:1:Residential-Multi-Family,Days On Market:171,Lot Size Units:Square Feet,On Market Date:2020-09-10,Parcel Number:514215016690,Property Type:Commercial Sale,Street Number:1841,Public Remarks:The subject property consists of five 1B/1B and one large studio; the total building size is 2,763 SF, well situated on a large 8,183 sf lot. All 6 apartments are leased and in overall excellent condition. Most of the units have been renovated in last 2 years including new bathrooms, flooring, paint, impact windows, and new roof. The apartments are leased between $700.00 ?-$900.00 per month, grossing $54,000 per year. After all expenses this property is netting $40,550 per year providing an investor with an 5.00% actual capitalization rate at full asking price. A new owner can increase current rents to $950?-$1,150 per month which would raise the net income to $66,350 per year providing a 8.84% capitalization rate on a pro-?forma basis.,County Or Parish:Broward County,Expiration Date:2021-06-30,Private Remarks:The city of Hollywood has it listed as a 4-unit building. Full permit history unknown Buyer to verify with the city.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5417,State Or Province:FL,Tax Annual Amount:7690,Unparsed Address:1841 Adams St # 6, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:2763,Building Area Units:Square Feet,Lot Size Square Feet:8183,Original List Price:750000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks:The subject property consists of five 1B/1B and one large studio; the total building size is 2,763 SF, well situated on a large 8,183 sf lot. All 6 apartments are leased and in overall excellent condition. Most of the units have been renovated in last 2 years including new bathrooms, flooring, paint, impact windows, and new roof. The apartments are leased between $700.00 ?-$900.00 per month, grossing $54,000 per year. After all expenses this property is netting $40,550 per year providing an investor with an 5.00% actual capitalization rate at full asking price. A new owner can increase current rents to $950?-$1,150 per month which would raise the net income to $66,350 per year providing a 8.84% capitalization rate on a pro-?forma basis.,Listing Contract Date:2020-09-10,Originating System I D:miamire,Public Survey Section:15,Street Number Numeric:1841,Tax Legal Description:HOLLYWOOD 1-21 B LOT 4 E 20,LOT 5 BLK 34,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,Contract Status Change Date:2020-09-10,Internet Address Display Y N:1,Number Of Units In Community:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $750,000.00
  • Price Change: 2020-09-10
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1980
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2020-09-10
  • Days on Market 177
  • Furnished
  • City Hollywood
  • Zip 33020
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 7690
  • Taxes Year