Commercial property in Hollywood, Florida № 1135645
17
ID1135645
$ 2 499 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Exceptional investment opportunity in Hollywood, Florida! A 12-unit apartment building promises immediate revenue growth, with units currently leased 35% to 40% below market rates. What sets this property apart is its approved zoning by the City of Hollywood, paving the way for a new 4-floor structure to be built. This expansion would increase income by aligning rents with market rates and adding more units. The owner provides favorable financing terms, requiring only a 30% down payment. Financing is available through a 25-year amortized note, with a balloon payment due in 5 years, offering flexibility for interested parties to discuss specific terms later. Positioned in a prime location, the property is conveniently close to the beach, restaurants, shops, nightlife, and highways.MLS #: A11572661
Hollywood - Statistics
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| Parameters | Hollywood |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 333.33 |
| Apartment (1 bedroom) Outside of Centre | $ 1 766.67 |
| Apartment (3 bedrooms) in City Centre | $ 3 500.00 |
| Apartment (3 bedrooms) Outside of Centre | $ 2 750.00 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 3 164.59 |
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| Parameters | Hollywood |
|---|---|
| Crime Index | 48.99 |
| Traffic Commute Time Index | 40.00 |
| Restaurant Price Index | 59.29 |
| Climate Index | 86.46 |
| Safety Index | 51.01 |
| Traffic CO₂ Index | 10640.00 |
| Traffic Inefficiency Index | 204.55 |
| Rent Index | 49.90 |
| Health Care Index | 82.78 |
| Traffic Index | 197.62 |
| Pollution Index | 21.84 |
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| Parameters | Hollywood |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 18.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 85.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 10.00 |
| Domestic Beer (0.5 liter draught) | $ 6.00 |
| Imported Beer (0.33 liter bottle) | $ 9.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 3.03 |
| Water (0.33 liter bottle) | $ 2.50 |
| Cappuccino (regular) | $ 5.25 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.16 |
| Loaf of Fresh White Bread (500g) | $ 3.77 |
| Eggs (regular) (12) | $ 4.14 |
| Local Cheese (1kg) | $ 17.64 |
| Water (1.5 liter bottle) | $ 1.72 |
| Bottle of Wine (Mid-Range) | $ 15.00 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 3.00 |
| Cigarettes 20 Pack (Marlboro) | $ 9.00 |
| Apples (1kg) | $ 4.93 |
| Chicken Fillets (1kg) | $ 12.82 |
| Oranges (1kg) | $ 4.15 |
| Potato (1kg) | $ 2.53 |
| Lettuce (1 head) | $ 2.56 |
| Rice (white), (1kg) | $ 4.31 |
| Tomato (1kg) | $ 4.96 |
| Banana (1kg) | $ 1.51 |
| Onion (1kg) | $ 3.21 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 16.04 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.00 |
| Monthly Pass (Regular Price) | $ 70.00 |
| Gasoline (1 liter) | $ 0.91 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 34 000.00 |
| Taxi Start (Normal Tariff) | $ 2.50 |
| Taxi 1km (Normal Tariff) | $ 1.30 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 25 966.40 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 159.80 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 66.35 |
| $ 62.83 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 443.33 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.57 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 60.00 |
| Cinema, International Release, 1 Seat | $ 15.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 35.00 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 37.50 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 80.00 |
| 1 Pair of Men Leather Business Shoes | $ 99.67 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 100.00 |
| International Primary School, Yearly for 1 Child | $ 25 250.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityHollywood
Address2314 Polk St, Hollywood FL 33020
TypeCommercial property
Completion dateIV quarter, 1972
Price
- Price
- per m²
$ 2 499 000
- EUR €
- USD $
- RUB ₽
- GBP £
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