Great 4 unit building near Downtown Hollywood. The building sits on an oversized 12,449 sq ft lot which is zoned RM-12. Besides proving ample common area for the tenants enjoyment, an investor can develop half of this lot and build an additional 2-4 units. There is ample parking in the alleyway. This property is very well maintained and upgraded though-out. The current GOI is $47,400 per year with $8,226 in expenses, netting $39,174 annually. This provides an investor a strong 8.72% capitalization rate.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
