Location East of US 1, close to Downtown Hollywood and the beach. Great to keep as a turn key set up. Property Producing $62,400 / yr gross (rents have room for increase) Current expenses $21,100 but that could be reduced too as insurance seems high Cap rate

1221 N 17th Ave, Hollywood, FL 33020, USA

$749,000 USD
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Address1221 NORTH 17TH AVE #5, Hollywood
Building NameST JAMES COURT
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$749,000
Property StatusActive
MLS NumberA10546771
Living Area3307
Lot Size3307
Year Built1952
Parking Space Number9
Folio Number514210100170
Gross Rent Income$62,400
Net Operating Income$41,300
Zoning InformationMULTI-FAMILY
Days on Market547

Detailed Description: Location East of US 1, close to Downtown Hollywood and the beach. Great to keep as a turn key set up. Property Producing $62,400 / yr gross (rents have room for increase) Current expenses $21,100 but that could be reduced too as insurance seems high Cap rate is approx. 5.33% AS-IS with full asking price. This location and property ideal for an assisted Living facility or Air B and B to generate a lot more income. Loads of potential zoned multi-family. 9 parking spaces. Quiet well kept neighborhood. All tenants are great and pay on time. This location is in HIGH DEMAND! Viewing by appointment only. Please call or text Roy for questions and viewings.

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Address Information
StateFlorida
CityHollywood
CountyBroward County
Zip Code33020
Address1221 NORTH 17TH AVE
Section10
Zip Code (4 Digits)3613
Google Location Info1221 N 17th Ave, Hollywood, FL 33020, USA
Financial Information
Price$749,000
Price per Foot$0
Folio Number514210100170
Gross Rent Income$62,400
Net Operating Income$41,300
Tax Amount$8,503
Tax Year2018
Possession InformationNegotiable
Full Descriptions
Detailed DescriptionLocation East of US 1, close to Downtown Hollywood and the beach. Great to keep as a turn key set up. Property Producing $62,400 / yr gross (rents have room for increase) Current expenses $21,100 but that could be reduced too as insurance seems high Cap rate is approx. 5.33% AS-IS with full asking price. This location and property ideal for an assisted Living facility or Air B and B to generate a lot more income. Loads of potential zoned multi-family. 9 parking spaces. Quiet well kept neighborhood. All tenants are great and pay on time. This location is in HIGH DEMAND! Viewing by appointment only. Please call or text Roy for questions and viewings.
How to ReachEast of US1 on Arthur and 17th Ave. Hollywood 33020. Cap rate is approx. 5. 33% AS-IS with full asking price of $750. 00. This location is in High Demand!
Roof DescriptionBarrel Roof
Floor DescriptionCeramic Floor, Terrazzo, Tile
Cooling DescriptionWall / Window Unit (s)
Heating DescriptionNone
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Property parameters
Living Area3307
Lot Size3307
Zoning InformationMULTI-FAMILY
Year Built1952
Type of PropertyQuadruplex
StyleQuadruplex
Building NameST JAMES COURT
Construction TypeConcrete Block Construction
Stories Number1.000
Street DirectionNorth
Parking Space Number9
Listed withFortis Realty Group, LLC