Downtown/East of US1/Near Young Cir+Golf Club | 930 N 14th Ct
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Downtown/East of US1/Near Young Cir+Golf Club 930 N 14th Ct
14 Unit Apartment Building $6,246,861 CAD ($446,204 CAD/Unit) 6.50% Cap Rate Hollywood, FL 33020
Investment Highlights
- Seller Financing Available!
- Excellent well-maintained and modern renovated building.
- Room to add pool in the courtyard area.
- Market rents for large updated/modern 1-br/1-ba units are $2,100-$2,200.
- Current/Actual EGI of $372,400!
- Rare 14-Unit Building For-Sale in the heart of downtown Hollywood, East of US1.
Executive Summary
Matan Morag, Regency Realty Services is proud to present Lake Garden Apartments in the Downtown Hollywood area East of US1 near Young Circle and the Hollywood Beach Golf Club. Rare very well-maintained 14-Unit Building For-Sale that has been updated and renovated high-end. Units updated modern 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 1br/1ba units & 1 large 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking at 2 spaces per unit. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches & minutes to Fort Lauderdale Int'l Airport. All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. Newer roof. Excellent well-maintained and modern renovated building. Seller raising rents to market rates of $2,100-$2,200 for each 1/1 unit as leases expire. Current gross income is $372,000 for 2024 and current/actual EGI is $376,200 with a NOI of $277,560. Room to add pool in the courtyard area. Seller negotiable. Seller financing may be available!
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $534,214 | $50.11 |
Other Income | $6,031 | $0.57 |
Vacancy Loss | - | - |
Effective Gross Income | $540,246 | $50.68 |
Taxes | $88,201 | $8.27 |
Operating Expenses | $46,270 | $4.34 |
Total Expenses | $134,471 | $12.61 |
Net Operating Income | $405,775 | $38.07 |
Financial Summary (Actual - 2024)
Gross Rental Income (CAD) | |
---|---|
Annual | $534,214 |
Annual Per SF | $50.11 |
Other Income (CAD) | |
---|---|
Annual | $6,031 |
Annual Per SF | $0.57 |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $540,246 |
Annual Per SF | $50.68 |
Taxes (CAD) | |
---|---|
Annual | $88,201 |
Annual Per SF | $8.27 |
Operating Expenses (CAD) | |
---|---|
Annual | $46,270 |
Annual Per SF | $4.34 |
Total Expenses (CAD) | |
---|---|
Annual | $134,471 |
Annual Per SF | $12.61 |
Net Operating Income (CAD) | |
---|---|
Annual | $405,775 |
Annual Per SF | $38.07 |
Property Facts
Price | $6,246,861 CAD | Building Class | B |
Price Per Unit | $446,204 CAD | Lot Size | 0.29 AC |
Sale Type | Investment | Building Size | 10,660 SF |
Cap Rate | 6.50% | Average Occupancy | 100% |
No. Units | 14 | No. Stories | 2 |
Property Type | Multifamily | Year Built/Renovated | 1965/2023 |
Property Subtype | Apartment | Parking Ratio | 2.81/1,000 SF |
Apartment Style | Garden |
Price | $6,246,861 CAD |
Price Per Unit | $446,204 CAD |
Sale Type | Investment |
Cap Rate | 6.50% |
No. Units | 14 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 0.29 AC |
Building Size | 10,660 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1965/2023 |
Parking Ratio | 2.81/1,000 SF |
Unit Amenities
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Security System
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 13 | $3,088 CAD | 800 - 850 |
2+1 | 1 | $3,662 CAD | 1,100 |
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PROPERTY TAXES
Parcel Number | 51-42-10-19-0460 | Total Assessment | $3,958,186 CAD |
Land Assessment | $210,134 CAD | Annual Taxes | $88,201 CAD ($8.27 CAD/SF) |
Improvements Assessment | $3,748,052 CAD | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
51-42-10-19-0460
Land Assessment
$210,134 CAD
Improvements Assessment
$3,748,052 CAD
Total Assessment
$3,958,186 CAD
Annual Taxes
$88,201 CAD ($8.27 CAD/SF)
Tax Year
2024 Payable 2025
zoning
Zoning Code | RM (Multifamily/Central Business District (CBD) & HOLLYWOOD COUNTRY CLUB DISTRICT) |
RM (Multifamily/Central Business District (CBD) & HOLLYWOOD COUNTRY CLUB DISTRICT) |
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Downtown/East of US1/Near Young Cir+Golf Club | 930 N 14th Ct
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