2126 Tyler StHollywood, FL 33020

This exceptional value-add opportunity presents a 3,000 square foot, multi-tenant retail building located at 2126 Tyler St, Hollywood, FL 33020. The property, built in 1960, boasts four units currently operating at 100% occupancy with a gross lease structure. The current Net Operating Income (NOI) is $39,851, yielding a 4.09% cap rate. However, a pro-forma analysis projects a significant increase in NOI to $72,000, resulting in a compelling 7.38% pro-forma cap rate. This Class B building sits on a single story and is zoned DH-3. The asking price is $975,000, translating to $325 per square foot. The property benefits from its prime location, offering abundant free city parking and proximity to the Hollywood Entertainment District, I-95 (5 minutes), the Hard Rock Casino (15 minutes), and the Hollywood Beach Boardwalk (10 minutes). The current tenants have no credit rating. Short-term leases are in place, presenting a unique opportunity for an investor to increase rental income and enhance the property's overall value. This is an ideal investment for those seeking a value-add project with strong potential for significant returns. The property's APN is 5142 16 01 0442.