This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot.

The property is currently 100% leased to 2 month to month tenants. The 2 bed and 1 bath apartment are leased at $1,500 per month and the 3 bed and 2 bath apartment is leased for $1,900 per month. The property is grossing $40,800 per year. The tenants pay all utilities. After all expenses this property is netting $27,532 per year providing an investor with a 4.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.

Property Features

  • 1
  • 514210470430
  • Appliances
  • Attached
  • Blinds
  • Broward County
  • Cabana
  • CBS Construction
  • Central
  • Central Air
  • Check Land Use Plan
  • Clubhouse- Clubroom
  • Decorative
  • Elevator(s)
  • Exercise Room
  • Fenced
  • Fireplace
  • First Floor Entry
  • FLAMINGO MANORS 46-35 B LOT 9 N1/2 BLK 4
  • Florida Room
  • Garden
  • Heated
  • In Ground
  • Laundry
  • Miami Association of REALTORS®
  • Municipal Water
  • Pool
  • Public Sewer
  • RM-12
  • Sauna
  • Shed(s)
  • Shingle
  • Spa/ Hot Tub
  • Split Bedroom
  • Tile
  • true
  • Utility Room/ Laundry
  • Zoned Duplex
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