316 N 28th Ave

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316 N 28th Ave

Hollywood, FL 33020
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Hollywood, Florida
  • Asset situated at 316 N 28th Ave in Broward County
  • Prime location within a high-demand South Florida suburban market
  • Suitable property for long-term residential rental income investment
  • Well-connected site with access to regional employment hubs

What's Special

Hollywood, Florida, serves as a prominent coastal hub within the Miami metropolitan area, benefiting from steady population growth and proximity to major regional transit corridors. This multifamily apartment building, situated at 316 N 28th Ave, sits within a well-established residential submarket that attracts a diverse tenant base ranging from young professionals to long-term local residents. The site offers convenient access to regional employment centers and the expansive amenities that define the Broward County coastline. Investors looking to expand their portfolio will find this property well-positioned for traditional long-term rental strategies. The asset structure supports various unit configurations typical of the area, providing a foundation for steady occupancy in a region where demand for rental housing remains resilient. Given the ongoing economic development throughout South Florida, this location offers significant utility for operators focused on maintaining high-quality apartment inventory within a dense and active suburban landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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