5719 Johnson St, #1-5, Hollywood, FL, 33021 | $1,050,000

We are pleased to present 5719 Johnson St, a turnkey 5-unit multifamily gem located just off 441 in the heart of Hollywood, close to I-95 and the Hardrock. This property features one 2-bed/1-bath unit and four 1-bed/1-bath units. With 10 parking spaces and individual electric meters, it ensures low expenses and tenant convenience. Currently fully occupied with under-market rents, the property has the potential for over $100k in gross annual rental income when adjusted to market rates. The beautiful garden area and additional outdoor lounging space on the large 15k sqft lot enhance the property's appeal. This property can also be purchased with the office building next door at 5715 Johnson St, offering a unique investment opportunity.

Features

  • Property Type: Multi Family
  • Construction: Block,Other
  • Garage: Assigned
  • Parking: 10-car
  • Heating: Window Unit,Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Units: 5
  • Zoning: RM-9
  • Year Built: 1957
  • Est. Taxes: $9,434
  • MLS#: A11622446
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/A11622446/5719johnsonst_hollywood_fl?source=qrflyer
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Listing courtesy of Fausto Commercial Realty Consultants Inc   Phone: 9547437594

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5719 Johnson St, #1-5, Hollywood, FL, 33021

$1,050,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $840,000 $840,000 $840,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.250% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.360% 6.956%
Monthly Tax Payment $786 $786 $786
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,448 $5,172 $7,433
Total Monthly Payment $6,359 $6,083 $8,344

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.