2414 Johnson St - Apartments FOR SALE


Hollywood, FL 33020- North Central Hollywood
$2,900,000 USD
954-743-7594
2414 Johnson St, Hollywood, FL for Sale
$2,900,000 USD
Apartments - FOR SALE
1/28
null | 8.46% Cap Rate

2414 Johnson St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • Unit Mix: Three (3) Units are 2 Bed/1Bath, Eight (8)units are 1 Bed/1Bath and Six (6) Studio Units
  • Prime Location in Central Hollywood: Minutes Away from Young Circle, dining, shopping, and beaches
  • With professional management and full occupancy, the projected cap rate exceeds 8%, making this an exceptional opportunity for a savvy investor.
  • The Units are in Great Condition, Roof is 2017 and Plenty of Parking and a Coin Laundry Room
  • Lot size is 21k sqft, Zoning allows redevelopment of up to 40 units on the lot

OVERVIEW

Fausto Commercial proudly presents this value add 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 8.40%, 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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

17

PRICE/UNIT

$170,588

CAP RATE

8.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Johnson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

RM-18

APN/PARCEL ID

51-42-16-01-5140

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 Policy.