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Price$599,000
Beds
0Baths
1,967Sf
Listing IDA11358271
StatusPending
CountyBroward County
SubdivisionFLAMINGO MANORS
Year Built1973
Property TypeResidential Income
Property Sub TypeDuplex
This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot.
The property is currently 100% leased to 2 month to month tenants. The 2 bed and 1 bath apartment are leased at $1,500 per month and the 3 bed and 2 bath apartment is leased for $1,900 per month. The property is grossing $40,800 per year. The tenants pay all utilities. After all expenses this property is netting $27,532 per year providing an investor with a 4.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
County
Broward County
Property Sub Type
Duplex
Property Type
Residential Income
Subdivision
FLAMINGO MANORS
Year Built
1973
Zoning
RM-12
Building Area Total
1967
Cooling
yes
Cooling Type
Central Air
Flooring
Tile
Heating
yes
Heating Type
Central
Levels
One
Stories
1
Construction Materials
Block
Lot Features
< 1/4 Acre
Parking Total
3
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
MLS Area Major
3030
Postal City
Hollywood
Waterfront
no
Days On Market Replication
7
Days On Market Replication Date
2023-03-23T00:00:00+00:00
Documents Available
Rent Rolls
Public Survey Section
10
Tax Legal Description
FLAMINGO MANORS 46-35 B LOT 9 N1/2 BLK 4
Year Built Details
Effective Year Built
Contingency
3rd Party Approval
Listing Terms
Cash, Conventional, FHA
Rent Includes
Gardener
Tax Annual Amount
8712
Tax Year
2022
© 2023 MIAMI Association of REALTORS® (MAOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's in the MIAMI Association of REALTORS® cooperative agreement: Broward, Palm Beaches & St. Lucie REALTORS® and the Miami Association of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Information is deemed reliable but not guaranteed. Listing courtesy of RE/MAX 5 Star Realty. Data last updated Friday, March 31st, 2023 at 05:58:37 PM.
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