$2,700,000
$2,799,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
6028 Johnson St Hollywood, FL 33024
1.65 Acres Lot
Key Details
Sold Price $2,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID A10039164
Sold Date 09/22/17
Construction Status Unknown
HOA Y/N No
Year Built 1976
Annual Tax Amount $15,125
Tax Year 2015
Contingent No Contingencies
Lot Size 1.653 Acres
Lot Dimensions 220
Property Description
Royal Garden has 50 leasable pads with 41 current tenants. There is very little maintenance with low operating expenses. It is very feasible this location can be developed into a residential apartment building, or commercial project. The actual NOI is $240,000 annually which provides an investor a strong cap rate of 9.08% at the full asking price of $2,799,000. Please do not disturb any of the current tenants, all showings must be done by discrete drive by only. See attached package for full info.
Location
State FL
County Broward County
Area 3050
Direction West of 441 on Johnson Street
Interior
Flooring Other
Exterior
Roof Type Other
Private Pool Yes
Building
Story 1
Level or Stories One
Structure Type Other
Construction Status Unknown
Others
Tax ID 514113040080
Financing Cash
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Bought with Beachfront Realty Inc