17 unit Cash Cow!!
Best Deal Around.
5807 sw 25th st. hollywood fl
Only 46K per unit, 13% CAP Rate!
Assumable First AND ADDITIONAL owner finance.
Fully Rented, Professionally managed and Totally Remodeled; New roof, ALL new A/C units, fresh paint in/out, many units upgraded with marble flooring, new wood kitchens, new bathrooms, new laundry room. The property is operated under an approved use of Hotel and/or Apartment. No eviction is ever required here. The property also has allowable uses and the space available for a restraint or Convenient store.
16 LARGE studios + 1 one bedroom.
with current rents 11% CAP
some units undermarket rent. If all units rented at market rent of 802 per month the CAP Rate is 13% CAP RATE. We now only rent to new renters at 802 per month minimum.
Priced $789,000.00
Assumable first mortgage and possible owner finace!
We will manage this for you inexpensively.
Dana 954-600-DANA
Please note the property is so wide
it will not fit in one pic!!!!!!!!!!!!!!!!!!!!!!!!