6028 Johnson St, Hollywood, FL 33024
Listing Presented By
RE/MAX Executive Realty
Commercial, Income Non-Waterfront - Hollywood, FL
Royal Garden has 50 leasable pads with 41 current tenants. There is very little maintenance with low operating expenses. It is very feasible this location can be developed into a residential apartment building, or commercial project. The actual NOI is $240,000 annually which provides an investor a strong cap rate of 9% at the full asking price of $2,999,000. Please do not disturb any of the current tenants, all showings must be done by discrete drive by only. See attached package for full info.
Built In: 1976
Last Updated: July 22, 2016
Posted: July 22, 2016