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2414 Johnson St, Hollywood FL 33020

Residential Income

2414 Johnson St

Hollywood, FL 33020

ML#:A11801115
List Price:$2,900,000
Status:Closed
Days on Market:6
Listing Brkr:Fausto Commercial Realty Consultants Inc
Subdivision:HOLLYWOOD LITTLE RANCHES
Bedrooms:0
Baths:0
SqFt (Liv):7,623
Lot Size:0 sqft
Year Built:1956
Stories:2

General Information

Type Property:Residential Income
Style:Quadruplex
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33020
Subdivision:HOLLYWOOD LITTLE RANCHES
Latitude:26.018245
Longitude:-80.155286

Additional Features

Flooring:Tile, Vinyl
Heating:Window/Wall
Cooling:Wall/Window Unit(s)
Construction:Concrete Block Construction, CBS Construction
Waterfront:No

Financial Information

Annual Taxes (2024):$59,457
Days on Market:6

Remarks

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.

Listing Agent

Elior Levi

Fausto Commercial Realty Consultants Inc

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 604-3276

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