5619 Mckinley Unit A-H, Hollywood, FL 33021

$2,599,000
7,322
SqFt

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List Price
$2,599,000
Days on Market
4
MLS#
B26085108
Sq. Ft
7,322
Subtype
Duplex
County
Broward
Subdivision
Hollywood Country Estates
Year Built
1990

Property Description

UNIQUE SOUTH FLORIDA INCOME-PRODUCING PORTFOLIO! Opportunity to acquire 9 existing rental units consisting of four duplexes plus a single-family home, situated across two folios in Hollywood. Currently generating approximately $17,415 per month / $208,980 annually in gross rental income, with additional upside potential. RM-9 multifamily zoning may offer the potential to convert/redevelop the existing single-family home into a 5th duplex for additional rental income, subject to City approval, zoning, density, permitting and other applicable requirements. Buyer to independently verify development potential with the City of Hollywood. Additional opportunity to increase existing rents. Excellent location near the Seminole Hard Rock Hotel & Casino with convenient access to the Florida Turnpike I-95 and Hard Rock Stadium. Seller financing may be considered at 7% with substantial down payment and first-lien position. Current owner is retiring. Possible 1031 Exchange.

Additional Information

Pets Allowed
Cats OK, Dogs OK, Pet Fee, Size Limit, Yes
Construction
CBSConcreteBlockStructure, Block
Cooling
Central Air
Flooring
Tile
Heating
Central, Individual
Restrict
No Restrictions, OK To Lease
Roof
Shingle
Taxes
$19,350
Utilities
Cable Available, Electricity Available, Sewer Connected, Water Connected
Stories
1
Acres
0.80
Price Per Sqft
$354
Elementary School
Sheridan Hills
Middle School
Attucks
High School
South Broward

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Calculator source: Real Geeks

Listing courtesy of CSRF Real Estate. Contact:

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Agent: Brian Davis | Email: courtsideinvestments@gmail.com