AvailableMultifamily Sale

Updated Hollywood 4Plex!

2432 Sherman St, Hollywood, FL 33020

Offering Price$989,000

Units4

Building2,016 SF

Land6,733 SF

Actual Cap6%

Proforma Cap7%

Updated Hollywood 4Plex! listed by Fidelity Real Estate Group

Property Photos

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Property Overview

Investment Opportunity

Contact Fidelity Real Estate Group for full property information, financials, and offering details.

Property Information

Property Details

Property Basics

Property CategoryMultifamily Sale

CountyBroward

ZoningRM-9 - MULTIPLE FAMILY DISTRICT

Units4

APN5142-09-05-6510

Building SF2,016 SF

Land SF6,733 SF

Land Acres0.15

Year Built1972

Building & Systems

Number of Buildings1

Number of Stories1

Electric Meters3

Water Meters1

LaundryWasher/Dryer Hookup

Roof TypeShingle

Roof Year2021

HVACCentral/Split Mini A/C

Investment Metrics

Price Per Unit$247,250

Price Per Building SF$490.58 / SF

Price Per Land SF$146.89 / SF

Property Improvements

2008All Units

Window Replacement

2021

New Roof

Financial Overview

Investment Financials

Actual Financials

Gross Income$87,000

Operating Expenses$29,213

Net Operating Income$57,787

Cap Rate6%

Proforma Financials

Gross Income$98,400

Operating Expenses$29,213

Net Operating Income$69,187

Cap Rate7%

Unit Mix

1

Occupied

Bed/Bath2/1

Actual Rent$2,150

Proforma Rent$2,250

LeaseMTM

2

Occupied

Bed/BathStudio

Actual Rent$1,450

Proforma Rent$1,850

LeaseMTM

3

Occupied

Bed/BathStudio

Actual Rent$1,400

Proforma Rent$1,850

LeaseMTM

4

Occupied

Bed/Bath2/1

Actual Rent$2,250

Proforma Rent$2,250

LeaseMTM

Expense Breakdown

Taxes$17,232.94

Insurance$5,500.00

Water$1,080

Landscaping$600

House Electric$4,800

Total Expenses$29,213