2325 Taylor St - Apartments FOR SALE


Hollywood, FL 33020- North Central Hollywood
$1,950,000 USD
813-424-9797
2325 Taylor St, Hollywood, FL for Sale
$1,950,000 USD
Apartments - FOR SALE
1/15
null | 6% Cap Rate

2325 Taylor St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • Spacious units averaging ±758 SF
  • Great Location close to Hollywood Blvd
  • Laundry room with new machines
  • 11 parking spaces
  • 8 Units Fully Renovated
  • Professionally managed by Management Miami, LLC

OVERVIEW

The Taylor Residences, located in Hollywood, Florida, is a nine-unit multifamily investment opportunity in Hollywood. The unit mix consists of eight-unit apartment building (1-bed/1-bath ~734 SF) and a 2-bedroom/1-bath HOUSE that shares the same parcel. The property was built in 1974 with durable concrete block construction. All nine units are on year-long leases, providing stability and a predictable cash flow. Additionally, the investment offers added value, as water, sewer, and trash are included in rent - making the property attractive to renters. The property presents a 10% rental upside with rents currently below market rates. With year-long leases in place, there is an opportunity to adjust rents upon lease renewals or when market conditions permit, enhancing revenue potential. The property has completed its 50-Year Certification, ensuring it meets all safety and structural requirements.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

9

PRICE/UNIT

$216,667

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE TAYLOR RESIDENCES

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,803 SF

ZONING

RM-18, Hollywood

APN/PARCEL ID

51-42-16-01-3850

ASK ABOUT THIS PROPERTY

Gabriel PenaMatthews Real Estate Investment ServicesMore Info
813-424-9797

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Gabriel PenaMatthews Real Estate Investment ServicesMore Info
813-424-9797

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