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930 N 14th Ct
Hollywood, FL 33020
Downtown/East of US1/Near Young Cir+Golf Club · Multifamily Property For Sale
·
14 Units
Investment Highlights
- Seller Financing Available!
- Excellent well-maintained and modern renovated building.
- Room to add pool in the courtyard area.
- Market rents for large updated/modern 1-br/1-ba units are $2,100-$2,200.
- Current/Actual EGI of $372,400!
- Rare 14-Unit Building For-Sale in the heart of downtown Hollywood, East of US1.
Executive Summary
Matan Morag, Regency Realty Services is proud to present Lake Garden Apartments in the Downtown Hollywood area East of US1 near Young Circle and the Hollywood Beach Golf Club. Rare very well-maintained 14-Unit Building For-Sale that has been updated and renovated high-end. Units updated modern including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. Units include central HVAC units & electric hot water tanks. All units feature impact windows & new impact doors. The 1br/1ba units are large and can potentially be converted to add another room or den! Seller Financing Available! 100% occupied! 13 large 1br/1ba units & 1 large 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking at 2 spaces per unit. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches & minutes to Fort Lauderdale Int'l Airport. All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. Newer roof. Excellent well-maintained and modern renovated building. Seller raising rents to market rates of $2,100-$2,200 for each 1/1 unit as leases expire. Current gross income is $372,000 for 2024 and current/actual EGI is $376,200 with a NOI of $277,560. Room to add pool in the courtyard area. Seller negotiable. Seller financing may be available!
Property Facts
| Price Per Unit | $411,237 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.13% | Building Size | 10,660 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2023 |
| Apartment Style | Garden | Parking Ratio | 2.81/1,000 SF |
| Zoning | RM - Multifamily/Central Business District (CBD) & HOLLYWOOD COUNTRY CLUB DISTRICT | ||
| Price Per Unit | $411,237 CAD |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 10,660 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2023 |
| Parking Ratio | 2.81/1,000 SF |
| Zoning | RM - Multifamily/Central Business District (CBD) & HOLLYWOOD COUNTRY CLUB DISTRICT |
Amenities
Unit Amenities
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $2,947 CAD | 800 - 850 |
| 2+1 | 1 | $3,496 CAD | 1,100 |
Property Taxes
| Parcel Number | 51-42-10-19-0460 | Improvements Assessment | $3,651,127 CAD |
| Land Assessment | $204,700 CAD | Total Assessment | $3,855,827 CAD |
Property Taxes
Parcel Number
51-42-10-19-0460
Land Assessment
$204,700 CAD
Improvements Assessment
$3,651,127 CAD
Total Assessment
$3,855,827 CAD
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