Description
Fausto Commercial proudly presents this 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%, 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.
Location
Listed By
Listing Agent
Elior Levi
Fausto Commercial Realty Consultants Inc
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 13th June, 2025 11:48 PM (UTC)
