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MULTIFAMILY ASSEMBLAGE - PRIVATE COMPOUND 2704-2710 Polk St 5 Unit Apartment Building £1,128,402 (£225,680/Unit) 6.72% Net Initial Yield 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 | £1,128,402 | Costar Property Class | C |
| Price Per Unit | £225,680 | Total Plot Size | 0.45 ac |
| Sale Type | Investment | Property Size | 4,971 sq ft |
| Yield | 6.72% | Average Occupancy | 100% |
| No. Units | 5 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built | 1961 |
| Property Subtype | Apartment | Parking Allocation | 2.41/1,000 sq ft |
| Apartment Style | Garden | ||
| Use Class | TC-1 - Traditional Residential/Commercial-Neighborhood | ||
| Price | £1,128,402 |
| Price Per Unit | £225,680 |
| Sale Type | Investment |
| Yield | 6.72% |
| No. Units | 5 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 0.45 ac |
| Property Size | 4,971 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built | 1961 |
| Parking Allocation | 2.41/1,000 sq ft |
| Use Class | TC-1 - Traditional Residential/Commercial-Neighborhood |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 3+2 | 4 | - | 1,240 |
| Studios | 1 | - | 450 |
PROPERTY TAXES
| Parcel Number | 51-42-16-02-3410 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £402,174 |
PROPERTY TAXES
Parcel Number
51-42-16-02-3410
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£402,174
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MULTIFAMILY ASSEMBLAGE - PRIVATE COMPOUND | 2704-2710 Polk St
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