1821 Thomas St, Hollywood, FL 33020
13 Unit Apartment Building | $2,495,000 ($191,923/Unit) | 5.38% Cap Rate | Hollywood, FL 33020
For Sale
Active
29 pictures
Asking Price $2,495,000
- Property Type
-
Multifamily
- Square Feet
- 5,270 SF
Listing Contacts
Ryan Wold
Alec Lau
Daniel Dratch
Ethan Krauss
- Property Info
Property Overview
Thomas Apartments is a 13-unit two-floor multifamily community located in the heart of Hollywood, Florida, which is in Broward County. The subject property was built in 1957 and has undergone numerous recent renovations.
All units feature new flooring, updated kitchens and bathrooms, electrical appliances, and new mini-split air conditioning units. The majority of the plumbing has been recently upgraded with PVC, a new boiler system was installed, the roof was recently replaced and hurricane-resistant impact windows were installed. Additionally, an upgraded fence, railings, and turf were installed.
The property is located on the west side of N Federal Hwy and is just a block from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located east of I-95, south of Sheridan St, and north of Taft St. Sheridan St leads into the renowned Hollywood beaches just to the east of the property. Within minutes of driving, you can access the shops and restaurants of Hollywood. Additionally, Thomas Apartments is located in one of the fastest-growing markets in Broward County due to it being a favorite spot for local natives. The investment opportunity consists of a unit mix of (12) studios & (1) one-bed & one bathroom totaling approximately 5,270 RSF. The property boasts amenities such as ample parking, on-site laundry, and a large tropical courtyard. Thomas Apartments offers an investor the opportunity to purchase an unbelievably located fully renovated asset in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing rents on day one with the ability to own a low management-intensive asset in a location that simply cannot be beaten.
All units feature new flooring, updated kitchens and bathrooms, electrical appliances, and new mini-split air conditioning units. The majority of the plumbing has been recently upgraded with PVC, a new boiler system was installed, the roof was recently replaced and hurricane-resistant impact windows were installed. Additionally, an upgraded fence, railings, and turf were installed.
The property is located on the west side of N Federal Hwy and is just a block from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located east of I-95, south of Sheridan St, and north of Taft St. Sheridan St leads into the renowned Hollywood beaches just to the east of the property. Within minutes of driving, you can access the shops and restaurants of Hollywood. Additionally, Thomas Apartments is located in one of the fastest-growing markets in Broward County due to it being a favorite spot for local natives. The investment opportunity consists of a unit mix of (12) studios & (1) one-bed & one bathroom totaling approximately 5,270 RSF. The property boasts amenities such as ample parking, on-site laundry, and a large tropical courtyard. Thomas Apartments offers an investor the opportunity to purchase an unbelievably located fully renovated asset in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing rents on day one with the ability to own a low management-intensive asset in a location that simply cannot be beaten.
Property Details
- Class
- C
- Year Built
- 1957
- Stories
- 2
- Lot Size (sq. ft)
- 10,890 SF
- Units
- 13
Highlights
- Modern-Influenced Fully Renovated Asset - Secured Fence Entry With Video Surveillance
- Exterior Improvements Include Hurricane-Impact Windows, New Roof, Seamless Gutters, Majority of Plumbing, Artificial Grass
- Seller Open to offers that Include Seller Financing
- New Interlock Pavers and Railings Along With All New Asphalt Parking For Tenants
- Interior Improvements Include New Flooring, Updated Kitchens and Bathrooms, and Electrical Appliances
- All Tankless Hot Water Heaters, Electric Panels, & Mini-Split Air Conditioning
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