5619 Mckinley # H, Hollywood FL 33021

Description

UNIQUE SOUTH FLORIDA INCOME-PRODUCING PORTFOLIO! Opportunity to acquire 9 existing rental units consisting of four duplexes plus a single-family home, situated across two folios in Hollywood. Currently generating approximately $17,415 per month / $208,980 annually in gross rental income, with additional upside potential. RM-9 multifamily zoning may offer the potential to convert/redevelop the existing single-family home into a 5th duplex for additional rental income, subject to City approval, zoning, density, permitting and other applicable requirements. Buyer to independently verify development potential with the City of Hollywood. Additional opportunity to increase existing rents. Excellent location near the Seminole Hard Rock Hotel & Casino with convenient access to the Florida Turnpike I-95 and Hard Rock Stadium. Seller financing may be considered at 7% with substantial down payment and first-lien position. Current owner is retiring. Possible 1031 Exchange.

This duplex home located at 5619 Mckinley # H, Hollywood FL 33021 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is 7322 square feet. It was built in 1990. 5619 Mckinley # H, Hollywood FL 33021 is in Hollywood county Broward County.