Log In/Sign Up
Your email has been sent.
6 Unit in Hollywood Lakes 206 S 15th Ave 6 Unit Apartment Building $2,214,471 CAD ($369,079 CAD/Unit) 6.49% Cap Rate Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Fully Occupied with a $10,400 monthly rent roll with room to increase to market rates!
- Unit Mix: Two (2) Units are 2 Bed/1Bath, Three (3)units are 1 Bed/1Bath and 1 Studio Unit + Coin Laundry Room
- Prime Location in Hollywood Lakes: Steps from Young Circle, dining, shopping, and minutes to the beach
- 2 Structures on a Corner Lot in a Prime Location. Brand New Roof 2024!
EXECUTIVE SUMMARY
Fausto Commercial proudly presents 206 S 15th Ave, a unique 6-unit multifamily property located on a corner lot in the sought-after Hollywood Lakes area of downtown Hollywood. The property consists of two buildings with a well-balanced unit mix: two 2-bed/1-bath units, three 1-bed/1-bath units, and one studio. Fully leased and featuring a coin-operated laundry room for added income, this asset is ideally positioned near restaurants, bars, shopping, and just minutes from the beach. Recent improvements, including a new roof and updated landscaping, enhance its appeal, with projected pro forma gross income expected to increase to $142,400 annually.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$196,934
|
$53.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$196,934
|
$53.43
|
| Taxes |
$37,393
|
$10.14
|
| Operating Expenses |
$15,871
|
$4.31
|
| Total Expenses |
$53,264
|
$14.45
|
| Net Operating Income |
$143,671
|
$38.98
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $196,934 |
| Annual Per SF | $53.43 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $196,934 |
| Annual Per SF | $53.43 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,393 |
| Annual Per SF | $10.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,871 |
| Annual Per SF | $4.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,264 |
| Annual Per SF | $14.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $143,671 |
| Annual Per SF | $38.98 |
PROPERTY FACTS
| Price | $2,214,471 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $369,079 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.49% | Building Size | 3,686 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | Rs-6, Hollywood - RS-6 zoning permits up to six detached homes per acre, ideal for low-density residential development in suburban Broward County. | ||
| Price | $2,214,471 CAD |
| Price Per Unit | $369,079 CAD |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,686 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | Rs-6, Hollywood - RS-6 zoning permits up to six detached homes per acre, ideal for low-density residential development in suburban Broward County. |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,216 CAD | - |
| 1+1 | 3 | $2,631 CAD | - |
| 2+1 | 2 | $3,047 CAD | - |
PROPERTY TAXES
| Parcel Number | 51-42-15-02-4590 | Total Assessment | $848,320 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $37,393 CAD ($10.14 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
51-42-15-02-4590
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$848,320 CAD
Annual Taxes
$37,393 CAD ($10.14 CAD/SF)
Tax Year
2025
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
6 Unit in Hollywood Lakes | 206 S 15th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.