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1715 N 16th Ave
Hollywood, FL 33020 Royal Poinciana

$8,360,000 USD

Apartments For Sale  •  29,312 SF

Property Details

  • Property Type Apartments
  • Total Building Size 29,312 SF
  • Lot Size 0.73 AC
  • Building Class C
  • Year Built 1969
  • Zoning RM-18
39 Transit Score
57 Walk Score

Highlights

44* Unit, Apartment Building Located East of US-1 (Federal Highway) in Hollywood (Currently Operating as 44 Units – Licensed as a Legal 43 Units)
Rare Opportunity to Acquire 40+ Units East of Federal Highway (US-1) in Broward County
Being Offered for Sale at 9.6x Current Gross Rent and ~8.5 GRM at Market Rents
Value Add Opportunity – 1-Bedrooms averaging $1,600 & 2-Bedrooms averaging $1,850
Concrete Roof, Central A/C, 3 Laundry Rooms, Elevator, Pool, Storage Rooms
Proximate to Federal Highway, Sheridan Street, Hollywood Boulevard, Young Circle, South Broward High School, Hollywood Beach and Downtown Hollywood

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Pool
  • Tile Floors
  • Kitchen
  • Tub/Shower
  • Carpet
  • Storage Space
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 8 min - 2.7 mi
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 8 min - 3.5 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 14 min - 6.3 mi
Miami International 46 min - 26.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Joseph Thomas 954-245-3492 Marcus & Millichap
Joseph Thomas 954-245-3492 Marcus & Millichap