1431 N 14th Way, Hollywood, FL 33020

This property is located in desirable area of East Hollywood. The physical property consists of 1,897 leasable SF, well situated on a 5,695 sf lot. The property is currently 100% leased to two month to month tenants. The 2 bedroom apartments is leased for $1,500.00 and the studio is leased for $700 per month, grossing $26,400 per year. The tenants pay all utilities. After all expenses this property is netting $28,525 per year providing an investor with a 5% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.