930 N 14th Ct, Hollywood, FL

$4,700,000

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10,529

Square feet

0.29

Acres

About 930 N 14th Ct

SUPER RARE!! 14-Unit Building For-Sale in the heart of downtown Hollywood. Very well-maintained. High-end updated/renovated building. All units updated modern including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. All units include central HVAC units & water heaters. All units feature impact windows & stunning new impact doors. All 1br/1ba units are so large they can be converted to 2br units! No vacancies! 13 huge 1br/1ba units & 1 huge 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking. 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. New tenants leasing in the $2,100-$2,200 range. Asking current cap rate is ~6.20%. Excellent very well-maintained and modern renovated building. 13 of 14 units updated. The unit that is not updated is in very good shape with a very long term tenant who helps watch over the building. Seller raising rents to $2,100-$2,200 for each 1/1 unit as leases expire. Pro forma gross income is $378,600+ for 2024+ and current/actual EGI is $365,400 with a NOI of $294,454. Room to add pool in the courtyard area. Seller negotiable.

Features of 930 N 14th Ct

MLS® # RX-10905293
Price $4,700,000
Bathrooms 0.00
Square Footage 10,529
Acres 0.29
Year Built 1965
Type Multi-Unit
Sub-Type Quad Plex
Style No
Status Active

Community Information

Address 930 N 14th Ct
Area 3030
Subdivision HOLLYWOOD COUNTRY CLUB DISTRICT
City Hollywood
County Broward
State FL
Zip Code 33020

Amenities

Utilities 3-Phase Electric, Cable, Public Sewer, Public Water
View Garden
Is Waterfront No
Waterfront None
Has Pool No

Interior

Heating Central, Electric
Cooling Electric, Central
# of Stories 2

Exterior

Exterior Features Room for Pool
Lot Description East of US-1
Roof Comp Shingle
Construction CBS, Concrete

Additional Information

Zoning RM
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRegency Realty Services

Listing Map

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