2300 Douglas St Hollywood, FL 33020

This exceptional seven-unit apartment building presents a compelling investment opportunity in the thriving Hollywood, Florida market. Located at 2300 Douglas St, in Broward County, zip code 33020, this single-story property, built in 1956, boasts 100% occupancy with annual leases. The building comprises six one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit, generating a substantial estimated gross annualized rent (GAR) of $142,200. This translates to an approximate 5.63% capitalization rate (CAP rate), making it an attractive proposition for income-seeking investors. The property is situated within an opportunity zone, offering potential tax advantages. Each unit features its own separate electricity meter, and tenants contribute to a monthly water surcharge. The asking price for this income-producing asset is $1,999,900. This property offers a stable income stream and significant potential for future growth in a desirable location. The property's strong occupancy rate and consistent rental income make it an ideal addition to any investment portfolio. Detailed financial information is available upon request.