Investment property in Hollywood. IT CAN BE SOLD AS PART OF A PACKAGE ALONG WITH TWO ADDITIONAL FIRST-FLOOR, ONE-BED/ONE-BATHROOM UNITS WITHIN THE SAME COMPLEX. All three apartments are similar in design. This unit has a long term tenant, paying $1,450 and willing to stay. Second unit is: 2219 Polk St. #8A; ASKING $149,900 Vacant, upgraded and ready for rent at $1,600 p/month. Third unit is: 2219 Polk St. #1A; ASKING $145,000. Occupied by a long-term Section 8 tenant paying $1,600 p/month. No need to upgrade while tenants are in premises. Estimated Cap. Rates: 2219/1A: 6.8%, 2219/8A: 6.6%, 2225/8AW: 5.8%. This is an excellent investment opportunity in a fast growing area, just steps of Hollywood Blvd and circles, Dixie Hwy, I-95 and 10' drive to beaches.
