206 SOUTH 15TH AVE #1-6, Hollywood
$1,600,000 USD
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| Address | 206 SOUTH 15TH AVE #1-6, Hollywood |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Price | $1,600,000 |
| Previous Price | $1,700,000 (39 days ago) |
| Property Status | Active |
| MLS Number | A11800164 |
| Property Size | 3686 |
| Lot Size | 3686 |
| Folio Number | 514215024590 |
| Gross Operating Income | $124,140 |
| Net Operating Income | $96,870 |
| Zoning Information | RS-6 |
| Days on Market | 81 |
Detailed Description: 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.
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Address Information
| State | Florida |
| City | Hollywood |
| County | Broward County |
| Zip Code | 33020 |
| Address | 206 SOUTH 15TH AVE |
| Section | 15 |
| Zip Code (4 Digits) | 5220 |
Financial Information
| Price | $1,600,000 |
| Price per Foot | $0 |
| Previous Price | $1,700,000 |
| Folio Number | 514215024590 |
| Gross Operating Income | $124,140 |
| Net Operating Income | $96,870 |
| Tax Amount | $15,810 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | 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. |
| Cooling Description | Wall / Window Unit (s) |
| Heating Description | Wall / Window Units |
| Water Description | Public |
| Sewer Description | Public Sanitation |
Property parameters
| Living Area | 3686 |
| Lot Size | 3686 |
| Total Acreage | 0.000 |
| Zoning Information | RS-6 |
| Maximum Leasable Size | 3686 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Construction Type | CBS Construction,Other |
| Street Direction | South |
| Listed with | Fausto Commercial Realty Consultants Inc |