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listing
1 of 5
Multifamily
$8,100,000
1845 Liberty St
Hollywood, FL 33020
Courtesy of LoKation
MLS: BeachesMLS
8,162Sq Ft
Est. Mortgage
$41,911/mo

Matthews Real Estate is pleased to offer the 19th Ave and Liberty St Portfolio, located in the Royal Poinciana, Hollywood submarket, directly west of Federal Highway (U.S. 1). This submarket achieved 11.3% YoY rent Growth. Based on comparable rents in the area, there is an opportunity to increase the in-place current average rent by nearly $200-300/unit through a value-add plan. The city of Hollywood also allows the buildings to operate as a Short-Term rental business or Airbnb, which gives the deal a unique value-add opportunity. • Cap Rate: 5.33% • 40 units across seven buildings • Potential Covered Land Play with 1.5 Acres right off of Federal Hwy. • Robust Demographics: Median Household Income of $71,000 within a 3-mile radius.

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Listing provided courtesy of LoKation
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