Florida, Broward County, Hollywood, Adams St

The subject property consists of five 1b/1b and one large studio; the total building size is 2, 763 sf, well situated on a large 8, 183 sf lot. All 6 apartments are leased and in overall excellent condition. Most of the units have been renovated in last 2 years including new bathrooms, flooring, paint, impact windows, and new roof. The apartments are leased between $700. 00 ­-$900. 00 per month, grossing $54, 000 per year. After all expenses this property is netting $40, 550 per year providing an investor with an 5. 00% actual capitalization rate at full asking price. A new owner can increase current rents to $950­-$1, 150 per month which would raise the net income to $66, 350 per year providing a 8. 84% capitalization rate on a pro-­forma basis.