22
$2,599,000 Sale
Listed 6 days ago
5619 Mckinley #A-H
· 0
· 0
· -
· 7322
Key Facts
Key facts for 5619 Mckinley #A-H
Property Type
Apartment, Twin Home,Duplex
Parking
-
MLS #
B26085108
Size
7322 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$19,350 /yr
Days on Market
-
Year Built
1990
Maintenance Fee
$ 0/mo
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 additi...onal 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.
Similar Properties (No results)
Listing courtesy of: CSRF Real Estate