2414 Johnson St, Hollywood, FL 33020
17 Unit Apartment Building | $3,350,000 ($197,059/Unit) | Hollywood, FL 33020
Asking Price $3,350,000
- Property Type
-
Multifamily
- Square Feet
- 7,623 SF
Listing Contacts
- Property Info
Property Overview
Horvath & Tremblay is pleased to present the exclusive sale of Little Ranches Flats, a 17-unit multifamily property located in Hollywood, Florida, which is in Broward County. The property was built in 1957 of reinforced concrete with flat rubber membrane roofs and sits on a 0.48-acre lot. The property is located at 2414 Johnson Street in between Interstate 95 and US Route 1, south of Sheridan Street and north of Hollywood Blvd. The neighborhood consists primarily of single-family homes and multifamily buildings of similar age and construction as the subject property. The investment consists of two buildings, the west building is one-story, and the east building is two-stories, with a unit mix of three (3) two-bedroom/one-bathroom units, six (6) one-bedroom & one-bathroom units, and eight (8) studio units totaling approximately 7,623 RSF. All units offer fully equipped kitchens, through wall air conditioning and tiled floors. On-site amenities include unused laundry for potential additional income, and ample parking for residents & guests. All utilities are paid for by the owner and each building has its own septic tank and drain fields. Little Ranches Flats offers an investor the opportunity to purchase a well-located, value add investment that offers a new owner significant upside in future rents, in a strong rental sub-market of Hollywood nearby national retailers and major employers like the Seminole Hard Rock Hotel, Hollywood/Fort Lauderdale International Airport, Port Everglades and many amazing local eateries & resorts along the World-Famous Hollywood Beach Boardwalk.
Property Details
- Class
- C
- Year Built
- 1957
- Stories
- 2
- Lot Size (sq. ft)
- 20,909 SF
- Units
- 17
Highlights
- Value Add Potential
- Superior Location & Amenities
- Desirable Unit Mix
- Strong Rental Market
- New Era of Gaming in Florida
- Exceptional Demographics
Nearby Properties
Similar Properties
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