2104 N 14th Ave, Hollywood, FL 33020

This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot. The property is currently 100% leased to 2 month to month tenants. The 2 bed and 1 bath apartment are leased at $1,600 per month and the 3 bed and 2 bath apartment is leased for $1,900 per month. The property is grossing $42,000 per year. The tenants pay all utilities. After all expenses this property is netting $28,732 per year providing an investor with a 4.8% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.