2223 Adams St - Apartments FOR SALE


Hollywood, FL 33020- Highland Garden
$1,850,000 USD
239-269-0377
2223 Adams St, Hollywood, FL for Sale
$1,850,000 USD
Apartments - FOR SALE
1/12
null | 6.44% Cap Rate

2223 Adams St
Hollywood, FL 33020
Highland Garden


HIGHLIGHTS

  • New Metal Roof And Mini-Split AC Systems Throughout
  • 8 Of 10 Units Renovated With Granite Countertops And Shaker Cabinetry
  • Four Carports Provide Potential Additional Income Stream
  • 10 Spacious 1 Bed / 1 Bath Units Averaging 726 SF
  • Prime Hollywood Location Near Downtown, The Beach, And Major Transportation Corridors

OVERVIEW

Marcus & Millichap is pleased to present Adams Street Apartments, a 10-unit multifamily property located at 2221–2223 Adams Street in Hollywood, Florida. The property consists entirely of one-bedroom/one-bathroom units averaging 726 square feet, offering spacious layouts in a high-demand rental corridor. The asset has recently undergone significant improvements, including a new metal roof, mini-split air conditioning systems throughout, and ongoing parking lot restriping, enhancing both curb appeal and operational efficiency. Eight of the ten units have been renovated, featuring granite countertops and shaker-style cabinetry, providing immediate upside through continued interior upgrades and rent optimization. The property also includes four carports, creating an additional income opportunity. Strategically positioned just minutes from Downtown Hollywood, Young Circle, and Hollywood Beach, the property benefits from strong local demand driven by hospitality, retail, and healthcare employment. With proximity to US-1, I-95, and the Brightline station, Adams Street Apartments offers tenants convenient connectivity throughout Broward and Miami-Dade Counties. Adams Street Apartments presents an attractive opportunity to acquire a well-located, partially renovated multifamily asset in one of South Florida’s most active rental submarkets, with continued value-add potential and durable long-term fundamentals.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

10

PRICE/UNIT

$185,000

CAP RATE

6.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Adams Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,492 SF

ZONING

RM-18

APN/PARCEL ID

51-42-16-01-1510

ASK ABOUT THIS PROPERTY

Dillon MajeskiMarcus & MillichapMore Info
239-269-0377

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Dillon MajeskiMarcus & MillichapMore Info
239-269-0377

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