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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

2414 JOHNSON ST #1-17, HOLLYWOOD, FL 33020

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Income/MultiFamily - for Sale

2414 JOHNSON ST #1-17, HOLLYWOOD, FL 33020

Date Sold 07-02-2025

Sold Price$2,750,000 Asking Price$2,900,000

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  • Days on market:

    6 day(s)

  • Original Price:

    $2,900,000

  • Tax Legal Description:

    HOLLYWOOD LITTLE RANCHES 1-26 B LOT 29 BLK 13

  • Property Type:

    Income/MultiFamily

  • Parking:

    Assigned

  • Lease Term Remaining:

    1 To 3 Year Lease

  • Construction Type:

    Cbs ConstructionConcrete Block Construction

  • Roof:

    Built-Up

  • Cooling Description:

    Wall/Window Unit(s)

  • Heating Description:

    Wall/Window Units

  • Floor Description:

    TileVinyl

  • Special Listing Conditions:

    Sale

Description

$2,900,000

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.
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