930 N 14th Ct, Hollywood, FL

$4,300,000

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10,529

Square feet

0.29

Acres

About 930 N 14th Ct

Rare 14-Unit building in the heart of Hollywood. Well-maintained. Modern updated recently including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. Units include central HVAC units & electric hot water tanks. All units feature impact windows & new impact doors. The 1br/1ba units are large and can potentially be converted to add another room or den! Seller Financing Available! 100% occupied! 13 large 1/1 units & 1 large 2/1 unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking at 2 spaces per unit. All annual leases. Excellent income producing property in Hollywood east of US1 near Hollywood Beach Golf Club, close to to restaurants, shopping, beaches, minutes to Fort Lauderdale Airport.All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. New tenants leasing in the $2,100-$2,200 range. Asking current cap rate is ~6.40%. Excellent very well-maintained and modern renovated building. 13 of 14 units updated. The unit that is not updated is in very good shape with a very long term tenant who helps watch over the building. Seller raising rents to $2,100-$2,200 for each 1/1 unit as leases expire. Pro forma gross income is $378,600+ for 2024+ and current/actual EGI is $365,400 with a NOI of $294,454. Room to add pool in the courtyard area. Seller negotiable.

Features of 930 N 14th Ct

MLS® # RX-11013720
Price $4,300,000
Square Footage 10,529
Acres 0.29
Year Built 1965
Type Commercial
Sub-Type Income, Other
Style Income
Status Price Change

Community Information

Address 930 N 14th Ct
Area 3030
Subdivision HOLLYWOOD COUNTRY CLUB DISTRICT
City Hollywood
County Broward
State FL
Zip Code 33020

Amenities

Utilities 3-Phase Electric, Cable, Public Sewer, Public Water, Separate Meter
Is Waterfront No

Interior

Appliances Building and Land, Fixtures
Heating Central
Cooling Central
# of Stories 2

Exterior

Lot Description Multifamily 14 Units
Roof Comp Shingle
Construction CBS, Concrete

Additional Information

Zoning RM-12
RE / Bank Owned No

Listing Details

OfficeRegency Realty Services

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