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MLS ID: A11801115
List Price: $ 2 900 000
Sold Price: $ 2 750 000 (-5%)
Status: Closed
List date: 05/14/2025
Closing Dt: 07/02/2025
Days on Market: 49
Sell $ 361 per SqFt
2414 Johnson St, Hollywood
#MLS: A11801115
$ 2 900 000
Listing date05/14/2025
CityHollywood, FL 33020
Address2414 Johnson St
Area7623 sqft
Tax/year$ 59 457
Built year1956

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.

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