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1935 Lincoln Street
Hollywood, FL 33020
Asking Price
$2.50M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
1935 Lincoln Street, Hollywood, FL 33020 <ul><li>Fully Approved 48-Unit Development Site</li><li>Lot Size: 0.6 acres (26,077 square feet)</li><li>Total Approved Units: 48</li><li>Unit Mix: 36 - 1BR/1BA, 12 - 2BR/2BA</li><li>Max Buildable SF: 52,155</li><li>FAR: 2.0</li><li>Maximum Height: 5 stories (55 feet)</li><li>Zoning: ND-2</li><li>Access: Lincoln Street</li><li>Ground Floor: 59 parking spaces (53 regular + 6 tandem), lobby, mail room, trash room, storage, mechanical rooms, and bicycle racks (14 spaces)</li><li>Second F
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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631
