930 N 14Th Ct Hollywood, FL 33020
Property Features for 930 N 14Th Ct
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.29 Acres
Building Details
- Year built
- 1965
Source:
Elliman
Listing Agent: Aura Maria Ramirez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hollywood Multifamily Building For Sale
This well-maintained 14-unit building is located in Hollywood, east of US1, and near the Hollywood Beach Golf Club. It is also close to restaurants, shopping, beaches, and minutes from Fort Lauderdale Airport. The property features 13 large one-bedroom, one-bathroom units and one large two-bedroom, one-bathroom unit. Modern updates include cabinetry, stainless steel appliances, and granite or quartz countertops, as well as modern ceramic tile. Each unit is equipped with central HVAC and electric hot water tanks. Impact windows and new impact doors are installed in all units. The one-bedroom units are spacious and have the potential to be converted to include an additional room or den. The building is 100% occupied with all annual leases. Amenities include a security camera system and a coin laundry facility. The property has high elevation and ample parking with two spaces per unit. Thirteen of the fourteen units have been updated. The remaining unit is in very good condition with a long-term tenant. There is potential to add a pool in the courtyard area. Market rents for the one-bedroom, one-bathroom units are $2,100-$2,200, with new tenants leasing in that range. The current EGI is $365,400 with a NOI of $294,454. The pro forma gross income is projected to be $378,600+ for 2024 and beyond as the seller raises rents to $2,100-$2,200 for each one-bedroom unit as leases expire. The property is an excellent income-producing opportunity.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1355226
- Latitude
- 26.0197723
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Rare, updated 14-unit building near Hollywood Beach Golf Club.
Where is this apartment building located?
The property is located at 930 N 14Th Ct Hollywood, FL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: - High Income Producing Property: Current NOI of $294,454 with pro forma gross income of $378,600+ for 2024+.; - Rare 14-Unit Building in Prime Hollywood Location: East of US1, near Hollywood Beach Golf Club, restaurants, shopping, beaches, and Fort Lauderdale Airport.; - Recently Updated Units: Modern renovations including cabinetry, stainless steel appliances, granite/quartz countertops, and ceramic tile in 13 of the 14 units.
