$2,750,000
$2,900,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
7,623 SqFt
SOLD DATE : 07/02/2025
Key Details
Sold Price $2,750,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,623 sqft
Price per Sqft $360
MLS Listing ID A11801215
Sold Date 07/02/25
HOA Y/N No
Year Built 1956
Annual Tax Amount $59,457
Contingent Pending Inspections
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Multi Family
Property Description
Fausto Commercial proudly presents this 17-unit apartment complex located at 2414 Johnson St. in Hollywood, FL. The property consists of 3 two-bedroom/one-bath units, 6 studios, and 8 one-bedroom/one-bath units. Currently underperforming with 4 vacancies, the property presents a significant value-add opportunity. With professional management and full occupancy, the projected cap rate exceeds 8%, making this an exceptional opportunity for a savvy investor. Sitting on a large 21,000 sq ft lot, the site also offers potential for redevelopment into approximately 40 units. Located just minutes from Young Circle, Hollywood Beach, restaurants, and I-95, the property offers strong tenant appeal in a high-demand rental market.
Location
State FL
County Broward
Area 3050
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Exterior
Roof Type Built-Up
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 514216015140
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Compass Florida, LLC
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty