2414 Johnson St
$2,900,000
2414 Johnson St, Hollywood, FL 33020
78,263
NOI
7,623 sqft
Building Size
Details:
Highlights:
- Gross Income: 166500
- Number Of Buildings: 1
- Documents Available: Aerial Photo(S), Rent Rolls
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Flooring: Tile, Vinyl
- Construction Materials: Concrete Block Construction, CBS Construction
- Parking Features: Assigned
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
Gallery
