Hollywood, FL

6147 Arthur St # 8, Hollywood FL 33024

$1,777,000

Key Details

Status
Active
Property Type
Income/MultiFamily
Year Built
1974

Overview

This multifamily building, comprising 8 units, is prominently located in a highly sought-after area within West Hollywood. The physical structure encompasses 5,894 square feet of leasable space, strategically positioned on a spacious 0.31-acre lot. The property is comprised of 4 one-bedroom units with one bathroom each, two 2-bedroom units with 1.5 bathrooms, and two efficient studio units. This property boasts a full occupancy rate, with long-standing legacy tenants in place. The units are easily manageable and have been diligently maintained. All current tenants have active leases in place. Additionally, the current rental rates are below the market average, presenting an attractive opportunity for investors to align the rents with prevailing market values

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