Hollywood, Florida, is an attractive destination for investors seeking to diversify their portfolios with Multi-Family Properties For Sale. With a population of around 150,000, Hollywood offers a stable and growing market for real estate investments. Multi-Family Properties, in particular, represent a lucrative opportunity for investors, as they provide a steady income stream and potential for long-term appreciation in value. These properties can range from small apartment buildings to large complexes, offering a variety of investment options. Hollywood's desirable location, with its beautiful beaches, infrastructure, and amenities, makes it an attractive place to invest in Multi-Family Properties. The city is home to several educational institutions, including Broward College and Nova Southeastern University, which attract students and young professionals, creating a demand for rental properties. Additionally, Hollywood's economy is driven by industries such as aerospace, electronics manufacturing, and tourism, which contribute to the city's growth and stability. The city's attractions, such as the Art and Culture Center of Hollywood and the Seminole Tribe's Okalee Indian Village, also make it a great place for business and travel.
Hollywood's Multi-Family Properties For Sale offer investors a range of opportunities, from small apartments to large complexes. The city's infrastructure, including Fort Lauderdale-Hollywood International Airport and Tri-Rail stations, makes it easily accessible and convenient for residents and visitors. In addition to Multi-Family Properties, Hollywood also offers other investment opportunities, such as Retail Space, Shopping Centers, Residential Income Homes, and Office Properties. For example, the city's downtown area is home to a variety of Retail Space, including boutiques and restaurants, while the Lakes District offers Residential Income Homes with scenic views. Office Properties are also available, with companies like HEICO and the Invicta Watch Group having headquarters in Hollywood. With 2 Multi-Family Properties For Sale, investors have a range of options to choose from, with an average price per square foot of $2,877 USD and an average size of 6,796 square feet. The largest property available is 29,312 square feet, offering ample space for residents. With an average cap rate of 6.87%, Hollywood's Multi-Family Properties For Sale offer a promising investment opportunity.
What is the average cap rate for multi-family properties in the Hollywood market?
When it comes to multi-family properties in Hollywood, investors can expect an average cap rate of 6.87%. For those new to commercial real estate investing, a cap rate is a crucial metric that helps determine the potential return on investment - to learn more, check out our article on what is a cap rate.
What should I know about financing options for buying an apartment building in Hollywood?
When considering financing options for buying an apartment building in Hollywood, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans), which can provide the necessary funds to secure your investment.
- Hollywood's strong economy, driven by industries such as tourism, manufacturing, and watchmaking, can provide a stable source of income for apartment building owners, making it an attractive option for investors.
- With 2 available listings of multi-family properties, ranging from 6,796 square feet to 29,312 square feet, and an average price per square foot of $2,877 USD, investors have a variety of options to choose from.
- For more information on CRE loans and how they can help you finance your apartment building purchase, check out our article at commercial real estate loans, which provides a comprehensive guide to navigating the financing process.
