5657 Grant St Hollywood, FL 33021
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 5657 Grant St
- Property type
- Commercial real estate
Description
This fully renovated five-unit apartment building presents a compelling investment opportunity in the heart of Hollywood, Florida. Located at 5657 Grant St, Hollywood, FL 33021, this property offers a mix of unit sizes designed to maximize rental income. The unit configuration includes one one-bedroom unit, one large studio, and three standard studios. Each unit boasts recently completed renovations, featuring brand new bathrooms, kitchens, and flooring, along with modern appliances. Tenant convenience is enhanced by an on-site laundry room. The property benefits from a recently installed new roof, minimizing maintenance concerns and ensuring long-term durability. With a strong pro-forma NOI of $68,250 and an 8.04% pro-forma cap rate, this property offers a significant return on investment. The asking price is $849,000, translating to $169,800 per unit. Situated in a highly desirable and easily rentable area of Hollywood, this turnkey property is poised for continued appreciation, making it an ideal acquisition for investors seeking strong cash flow and long-term growth potential in a thriving Florida market. This is a rare opportunity not to be missed.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.201704
- Latitude
- 26.018988
