Investment property in Hollywood. This unit has been upgraded and is ready for rental immediately upon closing. IT CAN BE SOLD AS PART OF A PACKAGE ALONG WITH TWO ADDITIONAL FIRST-FLOOR, ONE-BED/ONE-BATHROOM UNITS WITHIN THE SAME COMPLEX. All three apartments are similar in design.2219 POLK #1A:ASKING $145,000 Occupied by a long-term Section 8 tenant paying $1,600 p/month. This unit passed the Hollywood Housing Inspection in 09/2024. 2225 POLK #8A: ASKING $147,000. Occupied by a long-term tenant paying $1,475 p/month. No need to upgrade while tenants are in premises. Estimated Cap. Rates: 2219/1A: 6.8%, 2219/8A: 6.6%, 2225/8AW: 5.8%. This is an excellent investment opportunity in a fast growing area, just steps of Hollywood Blvd and circles, Dixie Hwy, I-95 and 10' drive to beaches.
