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Paradise Realty FLA
5619 Mckinley Unit A-H, Hollywood, FL 33021
- $2,599,000
- 7,322
- SqFt
- List Price
- $2,599,000
- MLS#
- B26085108
- Sq. Ft
- 7,322
- Subtype
- Duplex
- County
- Broward
- Subdivision
- Hollywood Country Estates
- Region
- 3070
- Year Built
- 1990
Property Description
UNIQUE SOUTH FLORIDA INCOME-PRODUCING PORTFOLIO! Opportunity to acquire 9 existing rental units consisting of four duplexes plus a single-family home, situated across two folios in Hollywood. Currently generating approximately $17,415 per month / $208,980 annually in gross rental income, with additional upside potential. RM-9 multifamily zoning may offer the potential to convert/redevelop the existing single-family home into a 5th duplex for additional rental income, subject to City approval, zoning, density, permitting and other applicable requirements. Buyer to independently verify development potential with the City of Hollywood. Additional opportunity to increase existing rents. Excellent location near the Seminole Hard Rock Hotel & Casino with convenient access to the Florida Turnpike I-95 and Hard Rock Stadium. Seller financing may be considered at 7% with substantial down payment and first-lien position. Current owner is retiring. Possible 1031 Exchange.
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Additional Information
- Heating
- Central, Individual
- Cooling
- Central Air
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Multiple Meters, Public
- Exterior Features
- Awning(s), Other
- Parking Spaces
- 12
- Flooring
- Tile
- Construction
- CBSConcreteBlockStructure, Block
- Living Area
- 7,322
- Elementary School
- Sheridan Hills
- Middle School
- Attucks
- High School
- South Broward
- Pets Allowed
- Cats OK, Dogs OK, Pet Fee, Size Limit, Yes
Listing courtesy of CSRF Real Estate. Contact: