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Hollywood Terrace

$699,900

2419-2421 Johnson St, Hollywood, FL 33020

Active
Last Updated: 02/28/2025

2,287 sqft

Building Size

2

Units

Details:
Building Size:    2,287 sqft
Units:    2
Year Built:    1980
Floors:    1
Parking Spots:    6
Gross Leaseable Area:    2,287
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Deposit - Security, Copy Of Lease(S), Service Contracts
  • Architectural Style: Attached
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall
  • Flooring: Ceramic Floor, Tile
  • Construction Materials: CBS Construction
Description:

HUGE PRICE REDUCTION!!! RECENTLY UPDATED INVESTOR SPECIAL!!! SELLING FOR LESS THAN RECENT APPRAISAL! GREAT INCOME PRODUCING PROPERTY LOCATED IN THE HEART OF HOLLYWOOD, FL. THE PROPERTY HAS 2 UNITS: (1) 3/2 RENOVATED AND RENTED BELOW MARKET PRICE AT $2250/MONTH; (2) 2/2 RENTED AT $2250/MONTH. LARGE LOT FOR POTENTIAL REDEVELOPMENT IN THE FUTURE. CURRENT ZONING IS RM-9. WELL MAINTAINED. TENANTS PAY THEIR OWN UTILITY BILLS FOR WATER/SEWER/GARBAGE AND ELECTRICITY ON SEPARATE METERS. RAISE RENTS TO MARKET PRICES AND EASILY ACHIEVE 9%+ CAP RATE WITH MINIMAL INVOLVEMENT OR EFFORT. GREAT FOR OUT-OF-TOWN INVESTORS. LONG TERM TENANTS (ALL ANNUAL LEASES RECENTLY SIGNED) WILLING TO STAY WITH RENTAL INCREASES of 5% PER YEAR. DON'T MISS THIS OPPORTUNITY! EASY TO MANAGE AND CERTAIN TO GO UP IN VALUE!!!

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