Property Description
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.
Features
: 5
: Separate Meters, 100 Amp Service
: Vinyl
: City Location
: Built-up
: Security Fence, Other Fire Protection
Address Map
FL
Broward County
Hollywood
33020
1946 Pierce St
1946 Pierce Street
0
W81° 51' 12.7''
N26° 0' 56.8''
Additional Information
: Plaster
106
: Building & Land
1
: New Construction
: Sale
1
$23,438
ND-2
Commercial Sale For Sale
1946 Pierce St, Hollywood, Florida 33020
10,907 Acre
$3,776,000
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $3,776,000
Year Built : 2023
Listing Terms : All Cash, Conventional/refinance
Lot Area : 10,907 Acre
Status : Active
Building Area : 5,137 Sqft
Property SubType : Income/multifamily
Agent info
- Patricia Calvet
-
contact@calvetrealty.com
