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Multi Family - HOLLYWOOD LITTLE RANCHES for Sale

2414 JOHNSON ST, HOLLYWOOD, FL 33020

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

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  • Days on market:

    6 day(s)
  • Adjusted Area:

    7623 sqft
  • Original Price:

    $2,900,000
  • Price per sqft:

    $380.43
  • Tax Legal Description:

    HOLLYWOOD LITTLE RANCHES 1-26 B LOT 29 BLK 13
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Cbs ConstructionConcrete Block Construction
  • Roof:

    Built-Up
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Window/Wall
  • Floor Description:

    TileVinyl
  • Lot Features:

    1/4 To Less Than 1/2 Acre Lot
  • Type of Association:

    None

Description

$2,900,000 • living size area 7623 sqft

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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