AvailableMultifamily Sale
Updated Hollywood 4Plex!
2432 Sherman St, Hollywood, FL 33020
Offering Price$989,000
Units4
Living SF2,016 SF
Building2,016 SF
Land6,733 SF
Actual Cap6%
Proforma Cap7%
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
Units4
Year Built1972
CountyBroward
ZoningRM-9 - MULTIPLE FAMILY DISTRICT
APN5142-09-05-6510
Living SF2,016 SF
Building SF2,016 SF
Land SF6,733 SF
Land Acres0.15
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
OccupiedBed/Bath2/1
Actual Rent$2,150
Proforma Rent$2,250
LeaseMTM
2
OccupiedBed/BathStudio
Actual Rent$1,450
Proforma Rent$1,850
LeaseMTM
3
OccupiedBed/BathStudio
Actual Rent$1,400
Proforma Rent$1,850
LeaseMTM
4
OccupiedBed/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
Income and expense information is believed to be accurate but is not guaranteed. All figures should be independently verified by the buyer and/or buyer's representatives as part of their due diligence.
Property Photos