930 N 14th Court, Hollywood, FL 33020
$4,700,000
Property Type:
Comm/Industry
Baths:
14
Square Footage:
10,529
Status:
Active
Current Price:
$4,700,000
Last Modified:
4/16/2024
Description
SUPER RARE!! 14-Unit Building For-Sale in the heart of downtown Hollywood. Very well-maintained. High-end updated/renovated building. All units updated modern including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. All units include central HVAC units & water heaters. All units feature impact windows & stunning new impact doors. All 1br/1ba units are so large they can be converted to 2br units! No vacancies! 13 huge 1br/1ba units & 1 huge 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches & minutes to Fort Lauderdale Int'l Airport.
Supplements: All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. Last 5 leases were rented in the $2,000-$2,200 range. New roof 2017. Asking cap rate is 5.07%. Excellent very well-maintained and updated modern renovated building. 13 of 14 units updated. Last unit that is not updated is in good shape with a very long term tenant who helps watch over the building. Seller raising rents to $2,100-$2,200 for each 1/1 unit as leases expire. Pro forma gross income is $378,600+ for this/next year 2023-2024. Room to add pool in the courtyard area.
More Information MLS# RX-10905285
Contract Information
Status: Active
Original List Price: 5249000
Auction: No
List Price: $4,700,000
Current Price: $4,700,000
List Price/Bldg SqFt: 446.38
Listing Date: 2023-07-18
Comm/Non-Rep: 1%
Comm/Buyer Agent: 1%
Comm/Trans Brk: 1%
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: Multifamily 14 Units
Subdivision: HOLLYWOOD COUNTRY CLUB DISTRICT
Year Built: 1965
Built Desc: Resale
SqFt - Living: 10529
SqFt Source: Tax Rolls
# of Stories: 2
Total Units: 14
Baths - Total: 14
Acres: 0.29
% Air Conditioned: 100
Waterfront: No
Location, Tax & Legal
Area: 3030
Geo Area: HWEA - Hollywood East (3010-3050)
Country: United States
County: Broward
Parcel ID: 514210190460
Street #: 930
Street Dir: N
Street Name: 14th
Street Suffix: Court
State/Province: FL
Zip Code: 33020
Zoning: RM
Legal Desc: HOLLYWOOD COUNTRY CLUB DISTRICT DIV A 8-15 B LOT 13,14 BLK 3
Tax Year: 2022
Real Estate Taxes: 32690.42
Geo Lat: 26.019763
Geo Lon: -80.135514
Remarks & Misc
Directions: I-95 to Sheridan St or Hollywood Blvd then go north or south to Johnson St. Go East on Johnson. Turn on N 14th Ct. Property on the West side of N 14th Ct.
Office/Member Info
DXORIGMLNO: RX-10905285
DXORIGMLSID: RML
Monetary Info
Gross Oper Income: 339642
Total Expenses: 64910.42
Net Oper Income: 274731.58
Property Features
Use: Income; Other
Type of Building: Income
Construction: CBS; Concrete
Location: Beach Area; Central Business Dst; Golf Course
Sale Includes: Building and Land; Fixtures
Avail Docs: Survey
Avail Info: Books & Records; Existing Survey
Flooring: Ceramic Tile
Cooling: Central
Heating: Central
Fire Protect: Smoke Alarm; Smoke Detector
Tenant Pays: Electric
Utilities: Cable; Electric; Public Sewer; Public Water; Separate Meter
Roof: Comp Shingle
Terms Considered: Cash; Conventional; Owner
Lease: Annual
Possession: At Closing; Funding
Showing Instructions: Text Listing Agent
Listing Office: Regency Realty Services
Last Updated: April - 16 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.