333 Palm St 8 Unit Apartment Building $5,255,475 CAD ($656,934 CAD/Unit) 6.40% Cap Rate Hollywood, FL 33019

Exceptional Coastal Multifamily Investment Opportunity | North Beach, Hollywood Florida.
Rare opportunity to acquire an organized and renovated 8 unit multifamily property in one of South Florida's most desirable coastal markets. The three lots, totaling approximately 9,437 SF (0.22 acres), this turnkey asset has been completely upgraded kitchen, bathrooms, and interiors, with luxury finishes, premium materials, brand new stainless steel appliances, designer furnishings, and modern interiors throughout.
Each unit has undergone extensive renovations and upgrades, all 8 units are fully updated with electrical system, new ceiling lighting, all remote controlled new modern fans, new outlets in each unit, and laundry. All 8n units with new split A/C systems and plasma tv's with the brand name furniture. The roof is 8 years old, beautiful design of landscaping , clean, attractive, and functional complemented by an efficient drainage system. This property is ready to rent all 8 units.
Ideally located just 50 steps from the North Beach in East side and the Intracoastal Waterway in the west side, and Paradise road taking you, walking distance to the world famous Hollywood Beach Broad walk on the way is the Carpenter House at Hollywood ( Event venue with a turtle center and store), the property offers an unmatched lifestyle destination with immediate access to kayaking, is 5 minutes to the west lake Park Kayaking, Hawkbill Park (dogs allowed), Kemp's Ridley Park( dogs allowed), West lake park waterfront site for canoeing and picnics, West lake park south east side(dogs allowed), Holland park Boat ramps, paths and an observation tower. paddleboarding, boating, fishing, dining, entertainment, and pristine beaches, .
Great opportunity for investors, is a Hotel, multifamily in North Beach in Hollywood Florida the location provides outstanding connectivity, just 10 minutes from Fort Lauderdale-Hollywood International Airport, 5 minutes from I-95, 10 minutes from I-595 and Florida's Turnpike, 23 minutes to Las Olas Boulevard and Downtown Fort Lauderdale, and 22 minutes to Aventura, Bal Harbor, and Miami Beach.
With extremely limited multifamily inventory available in the North beach area, the owners enjoy their properties, this multifamily just steps to the beach, is a rare, turnkey investment offering exceptional income potential, long-term appreciation, and significant upside in one of South Florida's fastest growing coastal markets. Opportunities of this caliber seldom become available. The owners rarely put up for sale, properties in this neighborhood value greatly.
The 6.4% cap rate is a projected return based on full occupancy of all units and is not the property’s current cap rate. After several months of designing, renovating, and remodeling the hotel, and some units that are always off market for owner’s and family use. This is an potential income , and definitely the cap rate may increase as the hotel reaches all occupancy.
Owner financing may also be available to qualified buyers, subject to the owner’s approval and mutually agreed terms.
Contact the listing agent for Open House dates. Contact the listing agent for additional information and private tours. Family friendly neighborhood,