7091 Taft St, Hollywood, FL 33024 (MLS # A10617436)

7091 Taft St, Hollywood, FL 33024 (MLS # A10617436)


Price $350,000
Status Active
Size n/a
Lot Size 6,763 sqft
Days on Market 8
Great income producing property in desirable Hollywood, Florida. Property sits on 6,764 sf lot with 1,729 leasable square feet. The building is in good general condition and does not have any deferred maintenance. Property is currently leased to 6 residential tenants and is generating $49,080 per year gross income, netting $34,754. This net operating income provides an investor with a strong 9.93% actual capitalization rate at full asking price. Property is zoned O-1 which is very liberal commercial zoning that allows most office and retail uses. Perfect space for a law firm, an insurance office or a medical office. Seller financing is available with 40.0% down payment at 6.0% annual interest, subject to buyer's qualifications. Please do not disturb any of the existing tenants.
Property Type(s): Commercial
Last Updated 2/12/2019 Year Built 1961
Community 3100 County Broward County

Additional Details

AREA 3100
LOT 6764 sq ft
TAXES 4747

Location

 

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Listed with RE/MAX 5 Star Realty
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