Multifamily – 8 Units in Hollywood, FL – Fully Renovated with High NOI
Commercial Sale
Category: Multifamily
Price:$1,800,000
Location: Hollywood, FL
Year Built: 1979
Days on Market: 6
Description:
Rare opportunity to acquire this fully occupied 8-unit apartment building in the heart of Downtown Hollywood at 2237 Taylor St. The property features seven spacious 2-bed/2-bath units and one oversized 1-bed/2-bath unit — each approximately 860 sq ft, offering exceptional living space. Fully renovated with brand-new flooring, kitchens, appliances, bathrooms, fresh paint, impact windows and doors, a 2017 roof, and PVC plumbing throughout. Generates a current NOI of $133,000, providing an attractive 7%+ cap rate from day one. Situated on an oversized 20,000 sq ft lot with ample parking and redevelopment potential for approximately 37 units. Walking distance to Young Circle, restaurants, and bars, and just a few minutes’ drive to the beach — an unbeatable investment in a high-demand area.
Please visit Fausto Commercial
Listing Code: 1118698040