Downtown/East of US1/Near Young Cir+Golf Club 930 N 14th Ct 14 Unit Apartment Building $4,200,000 ($300,000/Unit) 6.13% Cap Rate Hollywood, FL 33020

Matan Morag, Regency Realty Services is proud to present Lake Garden Apartments in the Downtown Hollywood area East of US1 near Young Circle and the Hollywood Beach Golf Club. Rare very well-maintained 14-Unit Building For-Sale that has been updated and renovated high-end. Units updated modern including cabinetry, stainless steel appliances, granite or quartz counter tops, modern ceramic tile. Units include central HVAC units & electric hot water tanks. All units feature impact windows & new impact doors. The 1br/1ba units are large and can potentially be converted to add another room or den! Seller Financing Available! 100% occupied! 13 large 1br/1ba units & 1 large 2br/1ba unit. Building has security camera system & coin laundry facility. Property has high elevation & ample parking at 2 spaces per unit. Excellent income producing property in Hollywood Lakes next door to Hollywood Beach Golf Club, east of US1 close to restaurants, shopping, beaches & minutes to Fort Lauderdale Int'l Airport. All units are annual leases. Market rents for the 1br/1ba units are $2,100-$2,200. Newer roof. Excellent well-maintained and modern renovated building. Seller raising rents to market rates of $2,100-$2,200 for each 1/1 unit as leases expire. Current gross income is $372,000 for 2024 and current/actual EGI is $376,200 with a NOI of $277,560. Room to add pool in the courtyard area. Seller negotiable. Seller financing may be available!