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Key Details
Sold Price $2,750,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,623 sqft
Price per Sqft $360
Subdivision Hollywood Little Ranches
MLS Listing ID A11801115
Sold Date 07/02/25
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $59,457
Tax Year 2024
Contingent Pending Inspections
Property Sub-Type Quadruplex
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.
Location
State FL
County Broward
Community Hollywood Little Ranches
Area 3050
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Exterior
Pool None
Utilities Available Cable Available
Roof Type Built-Up
Total Parking Spaces 17
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 514216015140
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash
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Bought with Compass Florida, LLC
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Monica Brisson
Broker Associate | License ID: 0645316
Broker Associate License ID: 0645316