2775 Taft St - Apartments FOR SALE


Hollywood, FL 33020- North Central Hollywood
$5,265,000 USD
954-245-3488
2775 Taft St, Hollywood, FL for Sale
$5,265,000 USD
Apartments - FOR SALE
1/18
null | 5.48% Cap Rate

2775 Taft St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • Rare Waterfront Offering: 27 Out of 36 Total Units in a Secure, Key-Access Condominium Community
  • Recent Capital Improvements Including Roof Replacement (2025), Elevator Upgraded with New Equipment in 2024, Pool Deck Painting (2025)
  • Desirable Unit Mix Featuring One- and Two-Bedroom Layouts with Screened Private Patios, Central HVAC, and Individual Hot-Water Heaters
  • Attractive Amenities Including Swimming Pool, Waterfront Patio, Wood Deck, Laundry Room, and On-Site Assigned Parking
  • Excellent Hollywood Location with Direct Access to Major Thoroughfares, Retail Corridors, and Employment Centers

OVERVIEW

Marcus & Millichap is pleased to present Isle of Venice Condominiums, a rare opportunity to acquire 27 out of 36 total units within a waterfront condominium community located at 2775 Taft Street in Hollywood, Florida. Constructed in 1968, the property consists of a single three-story building situated on approximately 0.76 acres. The condominium community features a desirable mix of one-bedroom/one-bath, two-bedroom/one-bath, and two-bedroom/two-bath units. Each residence includes a screened-in private patio, central heating and air-conditioning, individual hot-water heaters, and all-electric appliances. Select units also include dishwashers, while flooring throughout the community is comprised of ceramic tile or laminate. Community amenities include a waterfront swimming pool and patio area, as well as a wood deck extending the length of the building with scenic waterfront views. The property offers residents a secure building with key access, accessible on each floor, and a community laundry room with two washers and two dryers. Each unit is assigned one parking space. There are a total of forty parking spaces in the community, including three guest and one handicap-accessible space. In addition to several units being renovated, there have been several recent improvements to the property such as the roof being replaced in 2025, the pool deck repainted this year, the elevator was upgraded with new equipment in 2024, and the building exterior painted in 2021. Isle of Venice Condominiums offers excellent accessibility from Taft Street, located east of I-95 and positioned between Hollywood Boulevard to the south and Sheridan Street to the north. These major thoroughfares are lined with a mix of retail centers, office buildings, and commercial amenities ranging from local strip centers to larger neighborhood centers anchored by national tenants. Overall, the combination of waterfront living, recent capital improvements, and its prime Hollywood location makes Isle of Venice Condominiums a compelling long-term investment opportunity.

FOR SALE DETAILS

PRICE

$5,265,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

27

PRICE/UNIT

$195,000

CAP RATE

5.48%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Isle Of Venice

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brandon RexMarcus & MillichapMore Info
954-245-3488

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Brandon RexMarcus & MillichapMore Info
954-245-3488

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