the hollywood royal · 2020-04-17 · the hollywood royal offering flyer sale price: $1,600,000...

1128-1130 N 16th Ct, Hollywood, FL 3302011 Units | Turn-Key Apartment Rental With Short Term Rental OpportunityTHE HOLLYWOOD ROYAL

O F F E R I N G F L Y E R

Sale Price: $1,600,000Price / Unit: $145,455Number of Units: 11Current Traditional Rental Cap Rate: 6.54%Current Traditional Rental NOI: $104,669Master Lease Cap Rate: 8.18%Master Lease NOI: $130,846Short Term Rental Cap Rate: 9.26%Short Term Rental NOI $148,203Lot Size: 0.38 Acres

THE OFFERING INVESTMENT HIGHLIGHTS

• 100% Occupied Turn-Key Opportunity Currently Running As Traditional Rental With A Platform To Do Short Term

• Building Has Undergone Extensive Renovations To Every Interior Unit That Includes New Vinyl Floors, Updated KitchenGranite Countertops & Cabinets, Stainless Steel Appliances, And Modernized Bathrooms

• The Exterior Has Had Hurrican Impact Windows & Door, Security System, Newly Painted, and The Parking AreaResurfaced

• Prime Hollywood Area For Airb&b Location Directly In The Ever-Expanding Hollywood Submarket

• Surrounded By Major Highways Such As Federal Hwy, Hollywood Blvd and Sheridan St

• The Property Sits A Block Off Of Federal Hwy Which Provides Easy Access to I-95 and Florida’s Turnpike

CONTACT USRYAN WOLD (LEAD) DAN DRATCH AJ STANFORD TRAVIS JONES GREG MATUSSenior Associate Director Senior Associate Senior Associate SVP, Investment Sales954.312.1678 954.312.1677 954.660.9813 954.312.1676 954.671.1821ryan.wold@franklinst.com dan.dratch@franklinst.com aj.stanford@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

HALLANDALE BEACH DOWNTOWN MIAMI

HOLLYWOOD BEACH GOLF CLUB

HOLLYWOOD CENTRAL STATION

YOUNG CIRCLE PARK

GULFSTREAM PARK & CASINO

AVENTURA

N FEDERAL HWY27,500 AADT

JOHNSON ST12,000 AADT

N 16TH COURT

2

AERIAL - SOUTH VIEW THE HOLLYWOOD ROYAL // HOLLYWOOD, FL

HALLANDALE BEACH

HOLLYWOOD BEACH GOLF CLUB

HOLLYWOOD BEACHHOLLAND PARKWEST LAKE

N 16TH COURT

ARTHUR STREET

3

AERIAL - EAST VIEW THE HOLLYWOOD ROYAL // HOLLYWOOD, FL

HALLANDALE BEACH

HOLLYWOOD BEACH GOLF CLUB

ARTHUR STREET

N 16TH COURT

4

AERIAL - PARCEL VIEW THE HOLLYWOOD ROYAL // HOLLYWOOD, FL

RYAN WOLD (LEAD) DAN DRATCH AJ STANFORD TRAVIS JONES GREG MATUSSenior Associate Director Senior Associate Senior Associate SVP, Investment Sales954.312.1678 954.312.1677 954.660.9813 954.312.1676 954.671.1821ryan.wold@franklinst.com dan.dratch@franklinst.com aj.stanford@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

THE HOLLYWOOD ROYALCOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION