Residential Income
5619 MCKINLEY
Hollywood, FL 33021
General Information
Location Information
Additional Features
Financial Information
Remarks
RARE 9-UNIT INVESTMENT OPPORTUNITY! Excellent opportunity to acquire an established income-producing property consisting of 4 duplexes plus 1 single-family home situated across 2 folios. All 9 units are currently generating a combined $17,415 per month in gross rental income - approximately $208,980 annually. Strong existing rental income with immediate cash flow. Conveniently located near the Seminole Hard Rock Hotel & Casino, with easy access to the Florida Turnpike and I-95, and close to Hard Rock Stadium. Unique opportunity for an investor to acquire multiple rental units together in a highly accessible South Florida location. Seller may finance @7% with a large downpayment. 1st Lien position only. New owner can raise rents to $2,100-$2,500.00 per door for the 8 units and the house which is currently being used as the management office can be rented for $3100.00 -$3400.00 per month. Current Owner is retiring, Possible 1031 Exchange
Listing Agent
Brian Davis
CSRF Real Estate
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020