Cypress Gardens, 2219 Polk St #1A, Hollywood, FL, 33020

Investment property in hollywood. It can be sold as part of a package along with two additional first-floor, one-bed/one-bathroom units within the same complex. All three apartments are similar in design. This unit has a section 8 tenant, paying $1,600. The apartment passed the holywood housing annual inspection in 09/2024. 2219 polk st. #8a; asking $149,900 vacant, upgraded and ready for rent at $1,600 p/month. 2225 polk st. #8aw; asking $147,000. Occupied by a long-term tenant paying $1,475 p/month. No need to upgrade while tenants are in premises. Estimated cap. Rates: 2219/1a: 6.8%, 2219/8a: 6.6%, 2225/8aw: 5.8%. This is an excellent investment opportunity in a fast growing area, just steps of hollywood blvd and circles, dixie hwy, i-95 and 10' drive to beaches.