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OFFERING MEMORANDUM
1944 Taylor StreetHollywood FL 33020
CONTENTS
Exclusively Marketed by:
Abiel BallesterosBroker
Cesar OrtizRealtor
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or futureperformance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Executive Summary 5 Unit Mix Summary 6 Location Summary 7
02 Property Description Property Features 9 Aerial Map 10 Parcel Map 11 Property Images 12
03 Sale Comps Sale Comparables Summary 15 Sale Comparables Charts 17 Sale Comparables Map 18
04 Financial Analysis Income & Expense Analysis 20
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from United Dream Real Estate and it should not be made available to any other person orentity without the written consent of United Dream Real Estate . By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to United DreamReal Estate . This offering memorandum has been prepared to provide summary, unverified financial and physical information toprospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. United Dream Real Estate has notmade any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property,the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, thephysical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, UnitedDream Real Estate has not verified, and will not verify, any of the information contained herein, nor has United Dream Real Estateconducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracyor completeness of the information provided. All potential buyers must take appropriate measures to verify all of the informationset forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
Confidentiality and Disclaimer | 03
CONFIDENTIALITY AND DISCLAIMER:
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT UNITED DREAM REAL ESTATE FOR MORE DETAILS.Copyright © 2018 CREOP, LLC. All Rights Reserved.
| Executive Su
mm
ary
Executive Summary01
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Unit Mix Summary
Location Summary
Executive Summary | 05
OFFERING SUMMARYADDRESS 1944 Taylor Street Hollywood FL
33020
COUNTY Broward
BUILDING SF 2,052
LAND SF 10,760
NUMBER OF UNITS 3
YEAR BUILT 1939
YEAR RENOVATED 2018
APN 5142 15 01 4020
OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARYOFFERING PRICE $488,888
PRICE PSF $238.25
PRICE PER UNIT $162,963
OCCUPANCY 100.00 %
NOI (CURRENT) ($6,925)
NOI (Pro Forma) $30,201
CAP RATE (CURRENT) -1.41 %
CAP RATE (Pro Forma) 6.17 %
1944 Taylor Street offers an opportunity to redevelop into amixed used property. Has Hollywood's ND-2 zoning. Can buildabout 18 residential units. Walking distance to DowntownHollywood restaurants, shops, and Young Circle. Also withinclose proximity to Hollywood Beach.
Current use of property is as 3 unit residential income.Has a 1bedroom 1 bath unit, 2 bedroom 1 bath unit, and a 4 bedroom 1bath unit. All on separate electrical meters. All units are vacantso you can either teardown right away for redevelopment orlease at current market rents.
Actual MarketUnit Mix # Units Square Feet Current Rent Rent PSF Monthly
IncomeMarket Rent Market Rent
PSFMarketIncome
1 bd / 1 ba 1 0 $0 $0 $1,200 $0 $1,2002 bd / 1 ba 1 0 $0 $0 $1,350 $0 $1,3504 bd / 1 ba 1 0 $0 $0 $1,900 $0 $1,900
Totals/Averages 3 0 $0 $0 $1,483 $4,450
Unit Mix Summary | 06
Location Summary | 07
Situated in the Dining and Entertainment district ofDowntown Hollywood offers your proposed tenantsan array of activities. The art events, music festivals,shops, restaurants, and night life within walkingdistance offers residents a unique lifestyle that isunique in South Florida.
Locator Map
| Prop
erty Descrip
tion
Property Description02
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Aerial Map
Parcel Map
Additional Maps
Property Images
Property Features | 09
Site DescriptionNUMBER OF UNITS 3
BUILDING SF 2,052
LAND SF 10,760
LAND ACRES 0.25
YEAR BUILT 1939
YEAR RENOVATED 2018
# OF PARCELS 1
ZONING TYPE ND-2
TOPOGRAPHY Flat
NUMBER OF STORIES 2
NUMBER OF BUILDINGS 1
NUMBER OF PARKING SPACES 4
PARKING RATIO 1.25:1
POOL / JACUZZI No
FIRE PLACE IN UNIT No
UTILITIESWATER Landlord
TRASH Landlord
ELECTRIC Tenants
Aerial Map | 10
Parcel Map | 11
Property Images | 12
Aerial view of property line
Property Images | 13
Close proximity to Hollywood Beach
| Sale Com
ps
Sale Comps03
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Sale Comparables Charts
Sale Comparables Map
Sale Comparables Summary | 15
1
1929 Fillmore Street,Hollywood, FL 33020
TOTAL UNITS 3
YEAR BUILT 1933
SALE PRICE $550,000
PRICE/UNIT $183,333
PRICE/SF $149.78
CAP RATE 6.50 %
OCCUPANCY 100.00 %
CLOSING DATE 11/15/2018
DAYS ON MARKET 232
Cap Rate Range 6.50 % - 6.50 %
LOW HIGH
Price/Unit Range $115,000 - $183,333
LOW HIGH
DOM Range 18 - 232
LOW HIGH
Notes Also has ND-2 zoning
2
2205 Roosevelt Street,Hollywood, FL 33020
TOTAL UNITS 4
YEAR BUILT 1932
SALE PRICE $460,000
PRICE/UNIT $115,000
PRICE/SF $157.43
OCCUPANCY 75.00 %
CLOSING DATE 7/30/2018
DAYS ON MARKET 18
Cap Rate Range
LOW HIGH
Price/Unit Range $115,000 - $183,333
LOW HIGH
DOM Range 18 - 232
LOW HIGH
Notes Does not have ND-2 zoning
Sale Comparables Summary | 16
S
1944 Taylor Street, Hollywood,FL 33020
TOTAL UNITS 3
YEAR BUILT 1939
ASKING PRICE $488,888
PRICE/UNIT $162,963
PRICE/SF $238.25
GRM 0.00
OCCUPANCY 100.00 %
Cap Rate Range
LOW HIGH
Price/Unit Range $115,000 - $183,333
LOW HIGH
Sale Comparables Charts | 17
Sale Comparables Map | 18
# Address City
S 1944 Taylor Street Hollywood1 2205 Roosevelt Street Hollywood2 1929 Fillmore Street Hollywood
| Finan
cial An
alysis
Financial Analysis04
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Income & Expense Analysis | 20
INCOME CURRENT PRO FORMA
Gross Potential Income $53,400
Less: General Vacancy $2,670
Effective Gross Income $50,730
Less: Expenses $6,925 $20,529
Net Operating Income ($6,925) $30,201
EXPENSES CURRENT PROFORMA
Real Estate Taxes $2,308 $6,925 $3,040 $9,119
Insurance $0 $1,333 $4,000
Repairs & Maintenance $0 $890 $2,670
Water / Sewer $0 $1,000 $3,000
Landscaping $0 $200 $600
Waste $0 $380 $1,140
Total Operating Expense $2,308 $6,925 $6,843 $20,529
Expense / SF $3.37 $10.00
% of EGI 40.47 %
Per Unit Per Unit
REVENUE ALLOCATION
DISTRIBUTION OF EXPENSES
Exclusively Marketed by:
Abiel Ballesteros Cesar OrtizBroker Realtor786-355-6646 786-269-1196
[email protected] [email protected]
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