2519 Pierce Street

Hollywood, FL 33020

Offering Memorandum

Presented by Arkay Realty Inc.

Ruth Kerem

Broker

305.409.8499

954.274.0491

arkayrealty@gmail.com

Offering Summary 2519 Pierce Street Apartments

Sale Price – $1,800,000

Number of Units – 13

Cap Rate – 6.46%

NOI – $116,260.27

Submarket – East Hollywood

Lot Size - 20,524 sq. ft.

Year Built – 1974

Building Size – 9,207 sq. ft.

Price Per Square Foot - $195.50

Folio – 5142 16 01 5250

Confidentiality and Disclosure

The information contained within the following marketing brochure is

proprietary and confidential. It’s only intended to be reviewed by the party

receiving it from Arkay Realty Inc. and should not be made available to anyone

with the prior written consent of Arkay Realty Inc. The intention of this brochure

is merely to provide summary, unverified information to prospective purchasers

and to establish only a preliminary interest in subject property. The information

contained Is not a substitute for due diligence.

Arkay Realty Inc. has not made any investigation and makes no warranty or

representation with respect to the income or expenses of said property, future

financial performance, or the presence or absence of contaminating agents.

Information contained has been obtained from sources deemed reliable. Arkay

Realty Inc. has not, and will not verify the specifics outlined therein nor has it

conducted any investigation regarding said matters. We make no warranty

regarding accuracy or completeness of supplied. All potential buyers must take

their own measures to verify information presented.

Hollywood, FL

Overview

Incorporated in 1925, Hollywood Florida, also known

as the "Diamond of the Gold Coast," is a city located in

southeast Broward County on Florida's southern Atlantic

Coast. Hollywood is 10 minutes south of Fort Lauderdale,

and 25 minutes north of Miami.

Hollywood provides easy access to Port Everglades,

the second busiest cruise port in the world, as well as the

Fort Lauderdale-Hollywood International Airport. The

Miami International Airport and the Port of Miami are less

than 25 miles away. Interstate 95, the Florida Turnpike,

Tri-County Commuter Rail and two major railroads cut

through Hollywood. Hollywood is a principle city of the

Miami metropolitan area.

Demographics 36% Single Residents

72% Homeowners

Median Age – 40

Average Household Income $49,191

33% College Educated

Trends in Hollywood show a 10%

year-over-year rise in median sales

price and a 3% rise in median rent

per month.

Market Trends

The just values displayed below were set in compliance with Sec. 193.011, Fla. Stat., and include a

reduction for costs of sale and other adjustments required by Sec. 193.011(8).

Property Assessment Values

Year Land Building /

Improvement

Just / Market

Value

Assessed /

SOH Value Tax

2018 $184,720 $1,203,950 $1,388,670 $1,076,990

2017 $184,720 $1,012,510 $1,197,230 $979,090 $24,984.14

2016 $184,720 $830,330 $1,015,050 $890,090 $22,950.28

2018 Exemptions and Taxable Values by Taxing Authority

County School Board Municipal Independent

Just Value $1,388,670 $1,388,670 $1,388,670 $1,388,670

Portability 0 0 0 0

Assessed/SOH $1,076,990 $1,388,670 $1,076,990 $1,076,990

Homestead 0 0 0 0

Add. Homestead 0 0 0 0

Wid/Vet/Dis 0 0 0 0

Senior 0 0 0 0

Exempt Type 0 0 0 0

Taxable $1,076,990 $1,388,670 $1,076,990 $1,076,990

Sales History Land Calculations

Date Type Price Book/Page or CIN Price Factor Type

5/8/2012 QCD­T $100 48762 / 971 $9.00 20,524 SF

9/9/2011 WD­Q $745,000 48180 / 669

3/25/2010 QCD­D $536,000 47004 / 1449

3/17/2003 WD $760,000 34794 / 1087

3/30/2001 TD $518,000 31464 / 536 Adj. Bldg. S.F. (Card, Sketch) 9207

Units 13

Eff./Act. Year Built: 1975/1974

Special Assessments

Fire Garb Light Drain Impr Safe Storm Clean Misc

05

R

13

Site Address 2519 PIERCE STREET, HOLLYWOOD FL 33021

ID # 5142 16 01 5250

Property Owner BSD2519 LLC Millage 0513

Mailing Address 3511 N 30 TER HOLLYWOOD FL 33021 Use 03

Abbr Legal Description

HOLLYWOOD LITTLE RANCHES 1­26 B LOT 11 BLK 14

BCPA Sketch : 514216015250

Building 1of 1

Details :

Page : 1

File : 1216-01-5250.xml

Subject information :

Area Summary :

BCPA

SKETCH

Code Description Area Perimeter Adj. Area Adj. Perim Factor Stories Level

P 1/3 Porch 30.00 16.00 9.90 22.00 0.33 1.00 1.00

C(1.0) First Floor 1,203.00 145.00 1,203.00 148.00 1.00 1.00 1.00

C(1.0) First Floor 187.00 39.00 187.00 56.00 1.00 1.00 1.00

C(1.0) First Floor 384.00 56.00 384.00 80.00 1.00 1.00 1.00

(1.8) Two Story 2,225.00 228.00 4,005.00 228.00 1.80 1.00 1.00

(1.8) Two Story 1,650.00 170.00 2,970.00 170.00 1.80 1.00 1.00

Code Description Long

Description

P 1/3 Porch Porch

C(1.0) First Floor First Floor

(1.8) Two Story Two Story

(1.8) 1/2

(1.8) 1/2 (1.8) 1/2

(1.8) 1/3

(1.8) 1/3 (1.8) 1/3

2519 Pierce Street Apartments

13 Units consisting of a triplex (2 1BR/1BA & 1 Standalone Studio) alongside a

10 unit, two-story building in rear (8 1BR/1BA & 2 2BR/2BA)

All units equipped with central A/C and contain stunning upgrades throughout

Producing a gross annual income of $180,000.00

Excellent investment opportunity in the heart of Hollywood, just minutes from Young Circle,

and Downtown Hollywood.

2519 Pierce Street