1735 Arthur St
Hollywood, FL 33020
13 Apartments-22518 · Hospitality Property For Sale · 13 Rooms

13-unit multi-family building east of US1 in Hollywood, Florida. The property is clean and well-maintained. It consists of two buildings with a center courtyard and swimming pool. The majority of the units are efficiencies and rented on a weekly basis, even though most of the tenants are long terms. Shrewd landlords prefer renting weekly, because by collecting for 52 weeks they essentially receive 13 months of rent instead of 12 (12 months x 4 weeks = 48 weeks). The new owner can continue to run as weekly rentals or convert to monthly, if preferred. Laundry facility on-site for additional income. The seller currently pays for all utilities, including Dish Network TV. If rented monthly, a lot of these expenses could be made the tenants’ responsibility. Tax records indicate 13 legal units, but there are currently only 6 electric meters. The new owner could look into adding additional meters, so that the tenants could each pay their own electricity. With some upgrades, this property could also be furnished and used as an AirBNB type property, which could essentially triple the income.