Description
This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot. The property is currently 100% leased to 2 month to month tenants. The 2 bed and 1 bath apartment are leased at $1,500 per month and the 3 bed and 2 bath apartment is leased for $1,900 per month. The property is grossing $40,800 per year. The tenants pay all utilities. After all expenses this property is netting $27,532 per year providing an investor with a 4.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
1,967SQFT
-
$305$/SQFT
School Ratings & Info
Description
This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot. The property is currently 100% leased to 2 month to month tenants. The 2 bed and 1 bath apartment are leased at $1,500 per month and the 3 bed and 2 bath apartment is leased for $1,900 per month. The property is grossing $40,800 per year. The tenants pay all utilities. After all expenses this property is netting $27,532 per year providing an investor with a 4.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2023-03-20T07:50:46.33.