STATUS: ACTIVE,
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YEAR BUILT: 1961, MLS #: A10617436, TAX YEAR: 2018
Great income producing property in desirable Hollywood, Florida. Property sits on 6,764 sf lot with 1,729 leasable square feet. The building is in good general condition and does not have any deferred maintenance.Property is currently leased to 6 residential tenants and is generating $49,080 per year gross income, netting $34,754. This net operating income provides an investor with a strong 10.25% actual capitalization rate at full asking price. Property is zoned O-1 which is very liberal commercial zoning that allows most office and retail uses. Perfect space for a law firm, an insurance office or a medical office. Seller financing is available with 40.0% down payment at 6.0% annual interest, subject to buyers qualifications. Please do not disturb any of the existing tenants.
AMENITIES: LOT SIZE IS 1/4 ACRE OR LESS,
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