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$4,200,000

2 years ago

0 Bed

0 Bath

10529 sqft

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MLS® R11013727

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 10529 sqft
Garage No
Taxes $39,337
Days Active 554
Lot Size 
Approx. Age 1965
Avg. Price Per Sqft $398
MLS® Number R11013727

Property Address: 930 N 14th Ct, Hollywood, FL, 33020

Average square foot calculated using Size range provided by listing agent.

Description

Rare 14-Unit building in the heart of Hollywood. Well-maintained. Modern updated recently including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. Units include central HVAC units & electric hot water tanks. All units feature impact windows & new impact doors. The 1br/1ba units are large and can potentially be converted to add another room or den! Seller Financing Available! 100% occupied! 13 large 1/1 units & 1 large 2/1 unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking at 2 spaces per unit. All annual leases. Excellent income producing property in Hollywood east of US1 near Hollywood Beach Golf Club, close to to restaurants, shopping, beaches, minutes to Fort Lauderdale Airport. All units are annual leases. Market rents for the 1br/1ba units are $2, 100-$2, 200. New tenants leasing in the $2, 100-$2, 200 range. Asking current cap rate is ~6.40%. Excellent very well-maintained and modern renovated building. 13 of 14 units updated. The unit that is not updated is in very 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 2024+ and current/actual EGI is $365, 400 with a NOI of $294, 454. Room to add pool in the courtyard area. Seller negotiable.
MLS® NumberR11013727
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1965
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 18, 2024List Date
$4,200,000List Price
Mar 1, 2023End Date
$2,900,000Sold Price

Sold

Feb 27, 2023List Date
$3,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
930 N 14 Th Ct, Hollywood, FL

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