Multifamily in Hollywood, FL 33020

Poinsetta Park, 1418 N 16th Ave

This 2 unit property is located in desirable area of East Hollywood. The physical property consists of 1,992 leasable SF, well situated on a 5,597 sf lot. The property is currently 100% leased to 2 month to month tenants. Both units are leased at $1,560 per month. The property is grossing $37,400 per year. The tenants pay all utilities. After all expenses this property is netting $25,789 per year providing an investor with a 4.52% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.