5619 Mckinley, Unit 0
Property Description
UNIQUE SOUTH FLORIDA INCOME-PRODUCING PORTFOLIO! Opportunity to acquire 9 existing rental units consisting of four duplexes plus a single-family home, situated across two folios in Hollywood. Currently generating approximately $17,415 per month / $208,980 annually in gross rental income, with additional upside potential. RM-9 multifamily zoning may offer the potential to convert/redevelop the existing single-family home into a 5th duplex for additional rental income, subject to City approval, zoning, density, permitting and other applicable requirements. Buyer to independently verify development potential with the City of Hollywood. Additional opportunity to increase existing rents. Excellent location near the Seminole Hard Rock Hotel & Casino with convenient access to the Florida Turnpike I-95 and Hard Rock Stadium. Seller financing may be considered at 7% with substantial down payment and first-lien position. Current owner is retiring. Possible 1031 Exchange.
Broker Details
Court Side Realty Firm (754) 200-4546
MLS ID: 3267569 State License Number: 3483151
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,599,000 |
| No. of Units: | 2 |
| Year Built: | 1990 |
| Lot Size: | 7,322.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $1,299,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26085108
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
3100-02 ORLEANS Avenue
New Orleans, Louisiana
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout