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Asking Price$5,395,000

  • Year Built 1960
  • Tax Legal Description:

    NORTH HOLLYWOOD 4-1 B LOT 5 W 57 BLK 32
  • Tax Year:

    2021
  • Property Type:

    Commercial

Description

$5,395,000

Labueux apts are a portfolio of 10 bldgs|37 units - 2 sfr, three 3plexes, three 4plexes and two 5plexes located in hollywood between us-1 & dixie hwy. north of johnson st. 4 of the properties are contiguous. the neighborhood has a very strong rental community which consists of small to midsize apartment buildings along with single-family homes and condominium units. the average price/unit is $200,000+ for 2,3,& 4 unit properties. the subject property is rented on a weekly, biweekly and monthly basis. as such, electric, gas, water and trash are included in the rent structure. the opportunity can best be described as a value-add acquisition due to the below market rents and the upside following capital improvements with a list price of $147,000/unit. download the om or on agents website.
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