King Arthur Apartments

Address: 1607 Arthur St, Hollywood, Florida, US

Florida & Gulf Coast + Apartments

Created date: November 3, 2023

Date last updated: November 3, 2023

Excellent East Hollywood Location
Possible Seller Financing Available
All Units Have Central Air-Conditioning and Heat
Off-Street Parking and On-Site Laundry Facilities
Elevator Served Building
Ability to Increase Value by Bringing Rents to Market Levels
Security Cameras Throughout Building
Meticulously Maintained Building

Property Description

King Arthur Apartments is an 18-unit, three-story, elevator-served apartment building located in Hollywood, Florida which is in southern Broward County. The property is situated east of US-1 and between Hollywood Boulevard and Sheridan Street. The building was constructed in 1968 of concrete block and painted stucco exterior and is situated on a .26-acre site. The building has a unit mix of two studios at approximately 450 square feet and 16 one-bedroom units with approximately 725 square feet. Water, sewer, and trash removal are included in the rent.

The building offers residents a great residential neighborhood to live in that is walking distance to South Broward High School. The building provides tenants with attractive seating areas, security cameras, elevator, on-site parking, and a laundry room. The building has the 40/10-year recertification which was completed in late 2021. The building has been very well maintained and is in excellent condition. The owner recently sealed the roof and seal coated and striped the parking lots.

The King Arthur Apartments are ideally located in the northeast section of Hollywood. The property is only five minutes to the beach, less than 10 minutes to Fort Lauderdale-Hollywood International Airport and four minutes to Hollywood Circle. The property is located between the Hollywood Beach Golf Club and the Eco Golf Club and is 10 minutes from the new Dania Pointe Entertainment and Shopping Complex.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments
Price:	$3,960,000
No. of Units:	18
Cap Rate:	4.03%
GRM /GIM:	10.38
Year Built:	1968
Lot Size:	0.26 Acres
Opportunity Zone:	No
Price per unit:	$220,000