2775 Taft St - Apartments FOR SALE


Hollywood, FL 33020- North Central Hollywood
$5,265,000 USD
954-743-7594
2775 Taft St, Hollywood, FL for Sale
$5,265,000 USD
Apartments - FOR SALE
1/40
null | 6.29% Cap Rate

2775 Taft St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • Rare Condo Portfolio Opportunity: Acquire 27 of 36 condominium units with the potential to acquire remaining units over time.
  • Strong Day-One Returns: Fully occupied asset operating at approximately a 6.3% going-in cap rate.
  • Major Capital Improvements Completed: New roof completed in 2025, new elevator installed in 2024, and passed 50-year recertification in 2026.
  • Waterfront Amenities: Features oversized units, elevator access, waterfront pool area, and ample on-site parking.
  • Long-Term Upside Potential: Opportunity for future dock additions and continued value growth in a prime Hollywood Hills location.

OVERVIEW

2775 Taft St, Hollywood – Rare opportunity to acquire 27 of 36 condominium units within a waterfront building in the heart of Hollywood Hills, offering investors the ability to potentially acquire the remaining units over time. The property is fully occupied and operating at approximately a 6.3% going-in cap rate at the asking price. Features include large oversized units, elevator access, waterfront pool area, ample on-site parking, and strong in-place management. Major recent improvements include a brand-new roof completed in 2025, a new elevator in 2024, and the building successfully passing its 50-year recertification inspection in 2026. Additional upside potential exists through future dock additions, subject to permitting and city approvals. Extremely unique asset in a prime Hollywood location with strong long-term hold potential.

FOR SALE DETAILS

PRICE

$5,265,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

27

PRICE/UNIT

$195,000

CAP RATE

6.29%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Isle Of Venice Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

51-42-09-AK-0230

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.