multifamily for sale - loopnet · hotel/condo units and 25,000 sq. ft. of retail/restaurant space....
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326 Fil lmore St., Hollywood, FL 33019
MULTIFAMILY FOR SALE
PROPERTY OVERVIEWAmazing multifamily property located steps from the famous HollywoodBoardwalk and beach. Two story building with six total units. Four studiosand two one bedrooms. Zoned for hotels/motels. Short term rentals yieldthe highest return. Four blocks south of the Margaritaville Beach Resort, a349 room resort that opened in 2015. The Melia Costa is currently underunder construction directly across the street. This project contains 304hotel/condo units and 25,000 sq. ft. of retail/restaurant space.
The Hollywood Boardwalk is a two and a half mile beachside boardwalkconsisting of approximately 50 restaurants and 30 shops. The beach isamong the few designated as a Blue Wave Beach, recognized as one ofthe cleanest and safest beaches in the country. A trolley service runs sevendays a week from downtown to the ocean. 15 minutes (7 miles) from the FtLauderdale/Hollywood International Airport and Port Everglades.
Capitalize on one of south Florida's most active markets. Over $200 millionin development delivered to the market last year. Several projects currentlyunder construction or proposed for the area. Very strong rental market.Hotel occupancy rates in Hollywood are over 90%.
PROPERTY FEATURES
SALE PRICE: $1,430,000
UNITS: 6
PRICE PER UNIT: $238,333
LOT SIZE: 0.0 Acres
BUILDING SIZE: 2,400 SF
YEAR BUILT: 1955
ZONING: Hotels/Motels
MARKET: Ft Lauderdale/Miami
CROSS STREETS:
KW COMMERCIAL20801 Biscayne Blvd, Suite 101Aventura, FL 33180
www.kwcommercial.com
DAVE [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
KW COMMERCIAL20801 Biscayne Blvd, Suite 101Aventura, FL 33180
www.kwcommercial.com
DAVE [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
326 Fil lmore St., Hollywood, FL 33019
MULTIFAMILY FOR SALE
KW COMMERCIAL20801 Biscayne Blvd, Suite 101Aventura, FL 33180
www.kwcommercial.com
DAVE [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
326 Fil lmore St., Hollywood, FL 33019
MULTIFAMILY FOR SALE
KW COMMERCIAL20801 Biscayne Blvd, Suite 101Aventura, FL 33180
www.kwcommercial.com
DAVE [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
* Demographic data derived from 2010 US Census
326 Fil lmore St., Hollywood, FL 33019
MULTIFAMILY FOR SALE
ETHNICITY 1 MILE 5 MILES 10 MILES
% HISPANIC 16.1% 26.3% 25.2%
RACE 1 MILE 5 MILES 10 MILES
% WHITE 95.8% 75.6% 55.9%
% BLACK 1.0% 16.1% 35.5%
% ASIAN 0.7% 1.8% 2.0%
% HAWAIIAN 0.0% 0.1% 0.0%
% INDIAN 0.5% 0.2% 0.3%
% OTHER 0.4% 2.7% 3.9%
POPULATION 1 MILE 5 MILES 10 MILES
TOTAL POPULATION 4,959 189,455 819,407
MEDIAN AGE 44.7 43.0 38.3
MEDIAN AGE (MALE) 45.1 42.0 36.7
MEDIAN AGE (FEMALE) 44.9 43.7 39.4
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
TOTAL HOUSEHOLDS 2,273 85,213 317,645
# OF PERSONS PER HH 2.2 2.2 2.6
AVERAGE HH INCOME $104,592 $66,997 $64,728
AVERAGE HOUSE VALUE $707,248 $347,456 $328,597