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1823 Dewey Street, Hollywood, FL

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1823 Dewey Street

Hollywood, FL 33020-6017 - Hollywood Submarket

Property Type:Hospitality Number of Rooms:9 Status:Existing Year Built:1955
Stories:2 Building Size:18,356 SF Land Area:.74 AC (32,234 SF)
For Sale Price:$3,600,000 Price/Room:$400,000 Cap Rate:6.30 %


* Beautiful Pool
* Recently Painted
* Easy Access to I-95, Hollywood Boulevard and US-1
* Situated in a Residential Neighborhood
* Strong Hollywood Rental Market

Sale Notes:
The subject property is located one block west of US 1 and has the configuration of 48 rental units however BCPA shows 50 apartments. The property sits on an assemblage of 43,360 ft.² zoned RM 18 encompassing more than one half of the north side of the street. The addresses are as follows: 1832, 1837 (reroofed in 2014) and 1843 Dewey St. each property has its own folio. The property is rented on a weekly, bi-weekly and monthly basis and as such all utilities are included in the rent (see attached offer memorandum for complete details regarding salient data). Taxes have been stepped up to reflect the asking price. Overall the property is in average to good condition.
It is significant to note that if the property were to be converted to a monthly rental there would be no significant change in the income stream.

Media Realty & Advisors, Inc.
Peter Dacko
(954) 923-2325

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