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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2023 | No longer available | - | |
| No longer available | |||
| Oct 26, 2023 | Listed by JV Realty Group LLC | $1,375,000 | |
| Listed by JV Realty Group LLC | |||
| | |||
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Incredible development opportunity in Hollywood!
33-unit development site with no structured or lifts parking.
Plans have been submitted for final site plan approvals with the City of Hollywood.
Plans and surveys are available upon request.
The property is currently a legal 3-family residence income producing.
Hollywood city’s strong economic foundation and the promise of its changing demographics drive the area’s increasing appeal to residents. Hollywood’s status as a sought-after place for renters is firmly established.
Located strategically between Miami and Fort Lauderdale, Hollywood exudes a dynamic cityvibe, offering a blend of living, working, and leisure opportunities, with Young Circle at its heart.
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| Apr 4, 2023 | Sold | ||
| Sold | |||
| Aug 3, 2015 | Sold | ||
| Sold | |||
| Apr 9, 2015 | Listed by Preferred Prop Enterprises Inc | $225,000 | |
| Listed by Preferred Prop Enterprises Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017