Multifamily Investment Opportunity

• In-Place Cash Flow from Day One — $141,600 gross operating income and $86,796 NOI on the trailing twelve, with the property fully occupied and fully renovated.
• Immediate Mark-to-Market Upside — Current rents average $1,459/unit against a market of $1,688 — $21,900 of annual loss-to-lease, roughly 16% below market today and 23% to stabilization. One-bedrooms are in place at $1,450–$1,600 versus $1,800 market.
• Upside Captured Without Renovation Risk — Because the units are already renovated, that spread is achieved through lease turnover alone — not another capital program. The buyer is paid to wait rather than paying to build.
• Near-Term Lease Rollover Accelerates the Basis Step-Up — Four of eight leases roll within the next twelve months, letting a new owner mark a meaningful share of the rent roll to market in year one instead of waiting out a full cycle.
• Lean, Controllable Expense Load — Taxes and insurance account for roughly 75% of total operating expenses. Controllable costs are minimal, and the renovated condition keeps repairs and maintenance suppressed.
• Strong Rent-per-Foot Performance — $2.70 PSF in place against $3.09 market — outperforming large-format product in the submarket.
• Scarce Product Type — Renovated, fully occupied 8-unit assets east of Federal in Hollywood rarely trade. Entry-level check size with institutional-quality condition.
• Prime East Hollywood Location — East of Federal Highway — 1723 Liberty Street sits east of US-1 in Hollywood’s 33020 core, one of the most supply-constrained rental pockets in southeast Broward. Minutes to Downtown Hollywood, Young Circle/ArtsPark, and Hollywood Beach, with direct access to Federal Highway, I-95, and Dixie Highway.
• Fully Renovated — Turnkey, No Deferred Capital — The property has been fully renovated throughout. A buyer steps into a completed asset with no near-term capital plan required and none of the execution risk carried by a value-add renovation basis.
• 100% Occupied — All Eight Units Leased — Every unit is occupied and performing, delivering day-one cash flow with no lease-up exposure.
• Efficient, High-Demand Unit Mix — Eight units — six 1BR/1BA and two studios — averaging 433 SF. Small-format units command the highest rent per square foot in the market and draw the deepest workforce tenant pool in East Hollywood.
• Well-Located Infill Parcel — 0.46-acre site, 17.4 units per acre, built 1958. APN 51-42-10-21-0430.