$5,200,000
$5,395,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
7,644 Sqft Lot
SOLD DATE : 01/23/2023
Key Details
Sold Price $5,200,000
Property Type Multi-Family
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10331571
Sold Date 01/23/23
Total Fin. Sqft 70267
Year Built 1960
Annual Tax Amount $101,861
Tax Year 2021
Lot Size 7,644 Sqft
Property Sub-Type Income/Multi-Family
Property Description
Labueux Apts are a portfolio of 10 bldgs|37 units - 2 SFR, three 3plexes, three 4plexes and two 5plexes located in Hollywood between US-1 & Dixie Hwy. north of Johnson St. 4 of the properties are contiguous. The neighborhood has a very strong rental community which consists of small to midsize apartment buildings along with single-family homes and condominium units. The average price/unit is $200,000+ for 2,3,& 4 Unit Properties. The subject property is rented on a weekly, biweekly and monthly basis. As such, electric, gas, water and trash are included in the rent structure. The opportunity can best be described as a value-add acquisition due to the below market rents and the upside following capital improvements with a list price of $147,000/unit. Download the OM or on agents website.
Location
State FL
County Broward County
Area Hollywood East (3010-3050)
Zoning RM-12
Others
Ownership Corporation
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