Property Description

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.

Features
: Wall/window Units
: Wall/window Unit(s)
: Tile, Vinyl
: Assigned
: Built-up
: Public Sanitation
Address Map
FL
Broward County
Hollywood
33020
2414 Johnson St # 17
0
W81° 50' 41''
N26° 1' 5.7''
MLS Addon
Fausto Commercial Realty Consultants Inc
Elior Levi
: Concrete Block Construction, Cbs Construction
0
: 1 To 3 Year Lease
3574869
FAUS01
: All Cash, Conventional/refinance
1
: Sale
2
$59,457
: Public
RM-18

Commercial Sale For Sale

2414 Johnson St # 17, Hollywood, Florida 33020

20,970 Sqft
$2,900,000
Listing ID #A11801215
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11801215
Price : $2,900,000
Year Built : 1956
Lot Area : 20,970 Sqft
Building Area : 7,623 Sqft
Status : Active
Property SubType : Income/multifamily
Agent info
Daniel Lombardi
Contact Agent
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