OFFERING MEMORANDUM

Off-Market Multi Family For Sale in Hollywood

2450 Garfield St, Hollywood, FL 330200
$1,500,000

SALE PRICE

7

UNITS

4,890

LIVEABLE SF

15,000

LOT SIZE SF

Table of Contents

| PRESENTED BY

| INVESTMENT SUMMARY

PROPERY OVERVIEW

The property is located in the city of Hollywood, the property is 5 units in the listings but operates about 7 rented units, this property was completely renovated in 2021 and has a new electric roof and new plumbing.

HIGHLIGHTS

Unit Mixture

Unit
SF
Layout
Current Rent
Market Value
Unit 1
580
1 | 1
$1,350
$1,700
Unit 2
580
1 | 1
$1,350
$1,700
Unit 3
580
1 | 1
$1,350
$1,700
Unit 4
580
1 | 1
$1,350
$1,700
Unit C
460
STUDIO
$850
$1,150
Main House
1,560
4 | 2
$3,050
$4,000
Unit B
550
1 | 1
$1,500
$1,750

income Summary

$10,500

Current Income P/Month

$129,600

Current Income P/Year

$164,400

Market Value Income

Expenses Analysis

Property Tax
Insurance
Utilities
Total P/Year
Total P/Month
$30,000
$15,000
ִִ$4,250
$49,250
ִ$4,104

Cost/Income Analysis

Cost P/Unit
Cost P/SF
NOI
Cap Rate
Market Value NOI
Market Value Cap Rate
$214,286
$307
$80,350
5.36%
$115,150
7.68%

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| DISCLAIMER

DISCLAIMER

All materials and information obtained or derived from G Realty Group’s directors, officers, agents, consultants, partners and / or any third party sources are provided without representation or warranty as to the integrity, veracity or accuracy, condition of the property, compliance or non-compliance with government requirements. Applicability, development or adaptability, financial performance of the property, expected financial performance of the property for the intended use of each party or any other issue. G Realty Group’s directors, officers, agents, consultants or partners do not provide any representations or warranties, express or implied, as to the accuracy or completeness of any materials or information provided, derived or received. Materials and information from any source, whether written or oral, that may be provided for review are not a substitute for the active conduct of a party in its due diligence to determine these and other matters of significance to that party.

G Realty Group will not investigate or reconcile such matters or conduct due diligence for a party unless otherwise agreed in writing. Each party will conduct its own independent investigation and due diligence. Each party staying either under contract or in trust for a transaction is asked to verify all information and conduct its own checks and investigations, including through appropriate independent third-party professionals selected by such party. All financial data should be verified by the party including obtaining and reading relevant documents and reports and consulting with appropriate independent professionals.

G Realty Group makes no warranties and / or representations regarding the veracity, completeness or relevance of any data or financial assumptions. G Realty Group does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including those used for financial model purposes, may differ from actual data or performance. Any estimates regarding market rents and / or projected rents that may be provided to the entity do not necessarily mean that rents can be determined at this level or raised. The parties must evaluate any contractual and governmental restriction applied, as well as market conditions, emptying factors and other issues in order to determine rent from or for the property. Legal issues should be discussed by the party with an attorney. Tax questions should be discussed by the party with a qualified accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Architects, contractors, other consultants and government agencies.All properties and services are marketed by G Realty Group in accordance with all applicable fair housing and equal opportunity laws.

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