We are pleased to present 2308 Jackson St, a turnkey 9-unit multifamily gem just 2 minutes away from Young Circle and downtown Hollywood. Fully renovated with care, this property offers eight 1-bed/1-bath units and one spacious 2-bed/1-bath unit, featuring new vinyl flooring, modern kitchens, impact windows and stylish bathrooms. Providing central air, assigned parking, and individual water and electric meters, it ensures low expenses and tenant convenience.
Currently fully occupied, it generates over $185,000 annually, with potential for increased returns by aligning rents with market rates. A coin laundry room adds to its revenue stream. Sitting on a 20,000 sqft lot with DH-2 zoning, allowing up to 33 units, this property provides immediate returns with future potential for even more!
2308 Jackson St, #1-9, Hollywood, FL, 33020
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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