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.
Property Details
Price:
$2,900,000
MLS #:
A11801115
Status:
Active
Beds:
0
Baths:
0
Address:
2414 Johnson St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
HOLLYWOOD LITTLE RANCHES
Neighborhood:
Hollywood Little Ranches
City:
Hollywood
Listed Date:
May 14, 2025
State:
FL
Finished Sq Ft:
7,623
Total Sq Ft:
7,623
ZIP:
33020
Year Built:
1956
Units:
17
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Tile, Vinyl
Heating
Window/ Wall
Exterior
Architectural Style
Detached
Construction Materials
Concrete Block Construction, C B S Construction
Parking Spots
17
Roof
Built- Up
Financial
Tax Year
2024
Taxes
$59,457
Map
Community
- Address2414 Johnson St Hollywood FL
- SubdivisionHOLLYWOOD LITTLE RANCHES
- CityHollywood
- CountyBroward County
- Zip Code33020
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