1859 Lincoln St - Apartments FOR SALE


Hollywood, FL 33020- Royal Poinciana
$1,450,000 USD
954-743-7594
1859 Lincoln St, Hollywood, FL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/36
null | 5.59% Cap Rate

1859 Lincoln St
Hollywood, FL 33020
Royal Poinciana


HIGHLIGHTS

  • Fully Renovated Asset: Turnkey 4-unit property with new roof, central A/C, impact windows, PVC plumbing, and updated interiors.
  • Oversized Unit Mix: Four spacious 2-bedroom/2-bath units with strong tenant appeal.
  • Strong Rental Income: Generating approximately $9,450 in monthly rental income.
  • Value-Add Potential: Opportunity to convert units to 3-bedroom/2-bath layouts and increase rental income.
  • Low-Maintenance Ownership: Separate electric meters and recent capital improvements help minimize operating costs.
  • Prime Hollywood Location: Conveniently located near Downtown Hollywood, the beach, major roadways, dining, and employment centers.

OVERVIEW

1859 Lincoln Street presents an opportunity to acquire a fully renovated and turnkey 4-unit multifamily property in Hollywood, Florida, consisting of four large 2-bedroom/2-bath units and approximately 3,869 SF of building area. The property currently generates $9,450 in monthly rental income, with each unit separately metered for electricity and a single water meter serving the property. Recent improvements include a brand-new roof, central A/C, impact windows and doors, PVC plumbing, new kitchen cabinets, and renovated bathrooms, providing a low-maintenance asset with limited near-term capital needs. The oversized units also offer a compelling value-add opportunity with the potential to convert the existing layouts to 3-bedroom/2-bath units and further increase rental income. Conveniently located near Downtown Hollywood, the beach, major roadways, shopping, dining, and employment centers.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

5.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quadplex on Lincoln

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,199 SF

ZONING

RMCRA-18

APN/PARCEL ID

51-42-15-02-0011

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.