1629 Mayo St

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1629 Mayo St

Hollywood, FL 33020
Asking Price
$670K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Located at 1629 Mayo St in Hollywood, Florida
  • Multifamily apartment building offered for sale
  • Asset priced at 670000 dollars for acquisition
  • Situated within the accessible 33020 zip code
  • Well positioned for long term residential investment

What's Special

Hollywood, Florida, serves as a central hub in the South Florida region, providing connectivity to major employment centers and transit corridors between Miami and Fort Lauderdale. This multifamily apartment building, situated at 1629 Mayo St, benefits from the sustained demand for residential rental units within this coastal market. The asset occupies a strategic position in a well-established neighborhood, appealing to residents who value proximity to local services and urban amenities. Investors looking to capitalize on the steady population growth of the metropolitan area may find this property suitable for a residential investment portfolio. The configuration of this apartment building allows for flexible management strategies while maintaining consistent occupancy in an area characterized by a diverse tenant base. Given the property's location within the 33020 zip code, it remains well-positioned to serve the needs of the regional rental market while offering long-term stability.

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NOI
$80,000
Cap Rate
11.94%
DSCR
2.01
Strong
Cash-on-Cash
20.01%
Monthly Payment
$3,314.794
Annual Cash Flow
$40,222.467

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