1610 N Dixie Hwy Hollywood, FL 33020

Building Details

Year Built 1971

Listing Agency: RE/MAX 5 Star Realty J***@demarcogroup.net Show Phone

Listed By: John DeMarco · License #A11697377 Show Phone

Source: Xome

Added: Feb 16, 2016 Changed: Jul 26 Last Checked: Jul 26 at 4:52AM

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Investment Insights

Based on property information with market context.

The property consists of 47 leasable units: 40 residential apartments and 7 office units. The building is currently 100% leased. Recent improvements include a brand new roof and a new paver parking lot.

The property is located in a desirable area near Downtown Hollywood and is directly across the street from the brand new Avant Garde Academy School.

Financial performance reported for the property is $378,000 grossing per year, netting $311,670. This NOI is reported to provide an investor a strong cap rate of 9.1%.

Key Highlights

• 47 leasable units: 40 residential apartments and 7 offices
• Currently 100% leased
• Gross income of $378,000/year and netting $311,670/year

Property Analytics

Location Intelligence

Current Use

No Name Apartment Complex GoMobileFix.com Computer & Electronic Repair CodeBlue Training Training Center Aven Florida Apartment Building Seamless Gutters Hollywood ... Hardware & Home Improvement

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Dental Office Tanning Salon Clothing & Fashion Store Restaurant

Zoning and permitted uses should be independently verified with authorities.

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Frequently Asked Questions

What type of property is this?

Apartment building - 47-unit income property with 40 apartments and 7 offices, currently 100% leased.

Where is this apartment building located?

The property is located at 1610 N Dixie Hwy Hollywood, FL.

What is the asking price?

The asking price for this property is $3,399,000.

What are key features of this property?

This property features: 47 leasable units: 40 residential apartments and 7 offices; Currently 100% leased; Gross income of $378,000/year and netting $311,670/year