$620,000
2027 Fletcher St Unit, HOLLYWOOD, FL 33024-3268
Current Rent **
$6,200
Projected Rent **
N/A
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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** 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.
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