$3,000,000
$3,399,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
1610 N Dixie Hwy Hollywood, FL 33020
0.52 Acres Lot
Key Details
Sold Price $3,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID A10037148
Sold Date 09/14/16
HOA Y/N No
Year Built 1971
Annual Tax Amount $18,138
Tax Year 2015
Contingent No Contingencies
Lot Size 0.517 Acres
Property Description
The Property consists of 47 leasable units, 40 residential apartments and 7 offices. The property is currently 100% leased. This property is located in a very desirable area near Downtown Hollywood. It is directly across the street from the brand new Avant Garde Academy School. This property has a brand new roof, and a new paver parking lot. This property is currently grossing $378,000 per year, netting $311,670. This NOI provides an investor a strong Cap rate of 9.1% Excellent investment opportunity.
Location
State FL
County Broward County
Area 3040
Direction North of Hollywood Blvd on Dixie Hwy
Interior
Flooring Tile
Exterior
Waterfront No
Roof Type Concrete
Total Parking Spaces 50
Building
Story 3
Others
Tax ID 514209050520
Financing Conventional
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Bought with RE/MAX Executive Realty