$2,150,000
$2,250,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/14/2022
Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10320529
Sold Date 04/14/22
HOA Y/N No
Total Fin. Sqft 10244
Property Sub-Type Income/Multi-Family
Property Description
The property consists of twelve rental apartments comprised of two studio apartments and ten one-bedroom apartments.
The Lofts on Harrison is situated east of Federal Highway (US-1) walking distance to Young Circle Park as well as nearby shops and restaurants.
Young Circle is home to necessities such as a Walgreens and Publix grocery store and also is the epicenter of the areas nightlife.
The Lofts on Harrison offers an investor the unique opportunity to acquire one of only a few boutique rental properties on Harrison Street east of Federal Highway.
New ownership should be able to take advantage of expected rent growth by raising current below market rents to market levels. The Property also includes a vacant lot to build additional apartments.
Location
State FL
County Broward County
Area Hollywood East (3010-3050)
Zoning LT
Exterior
Water Access N
Private Pool No
Building
Story 2.0000
Others
Pets Allowed No
Acceptable Financing Cash
Listing Terms Cash
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