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Introducing an 11-unit multifamily property, newly renovated. Features new windows, plumbing, and electrical systems. Each unit offers pristine kitchens with stainless steel appliances, quartz countertops, and stylishly reimagined bathrooms. The property consists of 10 spacious 1-bed/1-bath units + one studio unit, each with its own electric meter. Located near downtown Hollywood, I-95, and beaches. Currently being fully renovated with permits. Anticipated monthly rental rates of $2,350, projecting a Gross Rental Income (GRI) exceeding $299,000 and a Net Operating Income (NOI) surpassing $247,000. Don't miss this investment opportunity with a proforma Capitalization Rate (CAP rate) of 6.55% in a prime neighborhood.
Listed by Bram Scolnick, East Coast Realty Brokerage LLC

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on November 29, 2023

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