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 not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
