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Archived over 4 years ago

$620,000

5+ bd 4+ ba

2027 Fletcher St Unit, HOLLYWOOD, FL 33024-3268

Residential SFR Occupied

Current Rent **

$6,200

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Multifamily 6 unit Investment Opportunity

Excellent multifamily investment (1% gross per month) opportunity on a cul-de-sac not far from expensive single family homes.

the property was originally a single family home, and an additional triplex building was built attached. The home was upgraded and subdivided in the late 80s early 90s, and has been grandfathered in as a six Plex since then. Seller has all paperwork from the city.

All units are rented with a good cash flow, opportunity to increase rents as tenants move out. Two are month to month. Additional opportunity to split the water meters, and push costs to future tenants to improve Cash on cash, approximately $10k per year opportunity $2000 for water and $8k from market rents)

1 studio/1 bath $960
4 One bedrooms/1 bath $995-$1045
1 Two Bedroom/ 1 bath $1145

Experienced management company currently in place, option to terminate contract as needed.

Location:

2027 Fletcher St Unit, HOLLYWOOD, FL 33024-3268

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.