MULTIFAMILY INVESTMENT OPPORTUNITY | 2704-2710 Polk St
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MULTIFAMILY INVESTMENT OPPORTUNITY 2704-2710 Polk St
5 Unit Apartment Building $1,520,000 ($304,000/Unit) 6.72% Cap Rate Hollywood, FL 33020
Investment Highlights
- Private Homes: Four separate 3BR/2BA buildings
- Central Air Conditioned
- 100% Occupancy
- Efficiency: 1 detached efficiency apartment
- 40-Year Recertification Completed
- Fenced in Community
Executive Summary
MCG Realty Advisors is excited to present an exclusive opportunity to acquire an assemblage of five income-generating private homes located just east of the I-95 corridor in one of the best areas of Hollywood, Florida.
The assemblage consists of four 3/2 private homes with one additional detached efficiency. The homes are an expansive 1,240 square feet each and have been upgraded with new tile floors, kitchens, appliances and bathrooms. There are central A/C units for all buildings and ample parking for residents and guests.
The five separate private homes are situated together on an expansive 19,756 SF private fenced community offering excellent security and safety. The properties are all fully leased and generate a total annual income of $128,400, providing exceptional current cash flow.
This prime site also offers excellent potential for future development, with current approvals in place for up to 33 residential units. This is a rare investment opportunity for multifamily operators to take advantage of the current high rental market while potentially redeveloping in the future.
CONTACT RON MANN AT 305-490-1404 OR RON@MCG-REALTY.COM FOR FULL BROCHURE AND FINANCIALS
The assemblage consists of four 3/2 private homes with one additional detached efficiency. The homes are an expansive 1,240 square feet each and have been upgraded with new tile floors, kitchens, appliances and bathrooms. There are central A/C units for all buildings and ample parking for residents and guests.
The five separate private homes are situated together on an expansive 19,756 SF private fenced community offering excellent security and safety. The properties are all fully leased and generate a total annual income of $128,400, providing exceptional current cash flow.
This prime site also offers excellent potential for future development, with current approvals in place for up to 33 residential units. This is a rare investment opportunity for multifamily operators to take advantage of the current high rental market while potentially redeveloping in the future.
CONTACT RON MANN AT 305-490-1404 OR RON@MCG-REALTY.COM FOR FULL BROCHURE AND FINANCIALS
Property Facts
| Price | $1,520,000 | Building Class | C |
| Price Per Unit | $304,000 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 4,971 SF |
| Cap Rate | 6.72% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2015 |
| Property Subtype | Apartment | Parking Ratio | 2.41/1,000 SF |
| Apartment Style | Garden |
| Price | $1,520,000 |
| Price Per Unit | $304,000 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 4,971 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2015 |
| Parking Ratio | 2.41/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 5 | - | 1,240 |
PROPERTY TAXES
| Parcel Number | 51-42-16-02-3410 | Improvements Assessment | $345,780 |
| Land Assessment | $98,780 | Total Assessment | $537,910 |
PROPERTY TAXES
Parcel Number
51-42-16-02-3410
Land Assessment
$98,780
Improvements Assessment
$345,780
Total Assessment
$537,910
zoning
| Zoning Code | TC-1 (Traditional Residential/Commercial-Neighborhood) |
| TC-1 (Traditional Residential/Commercial-Neighborhood) |
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MULTIFAMILY INVESTMENT OPPORTUNITY | 2704-2710 Polk St
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