2414 Johnson Street 1-17

Listing Snapshot

Price

$2,900,000

Days on Site

6 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

7,623 sqft

Lot Size

0.48 Acres

Year Built

1956

Property Type

Commercial

MLS #

A11801215

Property Tax

$59,457

County

Broward

Status

Sold

About This Property

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.

General Features

Property Type

Commercial

Status

Sold

Year Built

1956

Parking

Assigned

Lot Size (Acres)

0.48

Total Sq Ft

7,623

Sewer

Public Sewer

Water Source

Public

Zoning

RM-18

Interior Features

Cooling

Wall Window Units

Heating

Wall Furnace

Flooring

Tile / Vinyl

Exterior Features

Construction

Block

Roof

Built Up

Lot Features

Quarter To Half Acre Lot

Community & HOA

Financing Terms

Cash / Conventional / Other

MLS Area

3050