We are pleased to present 2206 Adams St, a turnkey 15-unit multifamily gem located just 2 minutes from Young Circle and downtown Hollywood. This fully renovated property includes one 3-bed/2-bath unit, five 1-bed/1-bath units, and nine spacious studio units, all featuring new flooring, modern kitchens, impact windows/doors, and stylish bathrooms. With central air, assigned parking, and individual electric meters, it ensures low expenses and maximum tenant convenience.
Currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with DH-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.
Currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with DH-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.
Property Details
Price:
$3,195,000
MLS #:
A11590588
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
2206 Adams St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
HOLLYWOOD LITTLE RANCHES
Neighborhood:
Hollywood Little Ranches
City:
Hollywood
Listed Date:
May 21, 2024
State:
FL
Finished Sq Ft:
8,256
Total Sq Ft:
8,256
ZIP:
33020
Year Built:
1965
Units:
15
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Schools
Interior
Cooling
Central Air
Flooring
Other, Vinyl
Heating
Central
Exterior
Architectural Style
Detached
Construction Materials
C B S Construction
Parking Spots
15
Roof
Shingle
Financial
Tax Year
2023
Taxes
$31,896
Map
Community
- Address2206 Adams St Hollywood FL
- SubdivisionHOLLYWOOD LITTLE RANCHES
- CityHollywood
- CountyBroward County
- Zip Code33020
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Courtesy of Fausto Commercial Realty Consultants Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
2206 Adams St
Hollywood, FL
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