5619 Mckinley
$2,599,000
5619 Mckinley, Hollywood, FL 33021
7,322 sqft
Building Size
2
Units
Details:
Highlights:
- Lot Features: 1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre
- Bathrooms Total: 0
- Documents Available: Copies Of Lease(S)
- Architectural Style: Twin Home, Half Duplex, Twin Homes
- Cooling: Central Individual A/C
- Heating: Central Individual A/C
- Flooring: Tile
- Construction Materials: CBS Construction
Description:
UNIQUE SOUTH FLORIDA INCOME-PRODUCING PORTFOLIO! Opportunity to acquire 9 existing rental units consisting of four duplexes plus a single-family home, situated across two folios in Hollywood. Currently generating approximately $17,415 per month / $208,980 annually in gross rental income, with additional upside potential. RM-9 multifamily zoning may offer the potential to convert/redevelop the existing single-family home into a 5th duplex for additional rental income, subject to City approval, zoning, density, permitting and other applicable requirements. Buyer to independently verify development potential with the City of Hollywood. Additional opportunity to increase existing rents. Excellent location near the Seminole Hard Rock Hotel & Casino with convenient access to the Florida Turnpike I-95 and Hard Rock Stadium. Seller financing may be considered at 7% with substantial down payment and first-lien position. Current owner is retiring. Possible 1031 Exchange.
Location
Gallery