We are pleased to present 1957 Monroe St in Hollywood, an outstanding 8-unit apartment building offering a compelling investment opportunity just a minute away from Young Circle. Featuring 8 spacious units, with 6 units featuring 1 bed/1 bath and 2 units offering 2 beds/1 bath, the property currently enjoys full occupancy. The potential for an impressive $182,000 annual income awaits by adjusting rents to market rates. The property has separate electric meters, impact windows, individual central AC units, and a rare perk—each unit is equipped with its own washer/dryer, ensuring convenience and attracting quality tenants. The building is 1990s construction makes maintenance a breeze, and the 40-year certification is not required anytime soon. Parking is hassle-free with 12 assigned spaces.
Property Details
Price:
$2,500,000
MLS #:
A11524393
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
1957 Monroe St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Hollywood
Listed Date:
Jan 31, 2024
State:
FL
Finished Sq Ft:
5,054
ZIP:
33020
Year Built:
1992
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Schools
Interior
Cooling
Central Individual A/ C
Flooring
Tile, Vinyl
Heating
Central Individual A/ C
Exterior
Construction Materials
Other
Parking Features
Assigned
Parking Spots
12
Roof
Barrel Roof, Other, Tile Roof
Financial
Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$17,062
Map
Community
- Address1957 Monroe St Hollywood FL
- CityHollywood
- CountyBroward County
- Zip Code33020
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Courtesy of Fausto Commercial Realty Consultants Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Century 21 Carioti include the name of the listing broker. Neither the listing company nor Century 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
1957 Monroe St
Hollywood, FL
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