the hollywood royal · 2020-04-17 · the hollywood royal offering flyer sale price: $1,600,000...
TRANSCRIPT
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 [email protected] [email protected] [email protected] [email protected] [email protected]
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
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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 [email protected] [email protected] [email protected] [email protected] [email protected]
THE HOLLYWOOD ROYALCOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION