5 Unit Apartment Building on Johnson St
5 Unit Apartment Building | $1,050,000 ($210,000/Unit) | 7.04% Cap Rate | Hollywood, FL 33021
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,050,000
- Property Type
-
Multifamily
- Square Feet
- 2,147 SF
Listing Contacts
Elior Levi
Verified Profile
Carlos Fausto Miranda
Verified Profile
- Property Info
Property Overview
We are pleased to present 5719 Johnson St, a turnkey 5-unit multifamily gem located just off 441 in the heart of Hollywood, close to I-95 and the Hardrock. This property features one 2-bed/1-bath unit and four 1-bed/1-bath units. With 10 parking spaces and individual electric meters, it ensures low expenses and tenant convenience. Currently fully occupied with under-market rents, the property has the potential for over $100k in gross annual rental income when adjusted to market rates. The beautiful garden area and additional outdoor lounging space on the large 15k sqft lot enhance the property's appeal. This property can also be purchased with the office building next door at 5715 Johnson St, offering a unique investment opportunity.
Property Details
- Class
- C
- Year Built
- 1957
- Stories
- 1
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 5
Highlights
- One Unit is 2 Bed/1 Bath and Four Units are 1 Bed/1 Bath
- Tons of Upside when raising rents to market rate, Potential of over $100k in Gross Annual Income
- Located in the Heart of Hollywood on the Main Corridor of Johnson St right off of State Rd 7 (441)
- Can be Sold Together with the Office Building Next Door
- Large Lot with Plenty of Parking Spaces (10 Spaces)
Nearby Properties
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