1934 Madison St - Apartments FOR SALE


Hollywood, FL 33020
$1,199,000 USD
954-302-6368
1934 Madison St, Hollywood, FL for Sale
$1,199,000 USD
Apartments - FOR SALE
1/25
null | 7.26% Cap Rate

1934 Madison St
Hollywood, FL 33020


HIGHLIGHTS

  • Fully rented
  • Impact Windows
  • close to downtown hollywood
  • metal roof

OVERVIEW

5 Unit Prime Investment Opportunity in East Hollywood Madison Street Apartments: Multifamily Gem in Prime Hollywood Location Welcome to 1934 Madison St, a prime investment property located in the vibrant East Hollywood neighborhood. Just 5 minutes from the stunning Hollywood Beach, this property is an ideal choice for savvy investors or anyone looking to enjoy the best of Florida living. Key Features: ? Location: Situated in East Hollywood, this property is only a short drive from Hollywood Beach, offering the perfect blend of urban convenience and beachside relaxation. ? Condition: The property is maintained in mint condition, ensuring a hassle-free experience for future owners or tenants. ? Structural Integrity: The building features impact windows throughout and a durable metal roof, providing excellent protection against Florida’s weather conditions. ? Interior: With tile flooring throughout, the property exudes a clean and modern aesthetic. ? Parking: Ample parking is available both at the back and rear of the property, providing convenience for residents and guests. ? Utility Room: An onsite utility room is equipped for a washer and dryer, adding to the convenience of the residents. Usage and Potential: ? The property has been used as a non-conforming 5-unit building for the past 40 years, highlighting its versatility and long-term rental potential. This offers an opportunity for rental income through weekly or monthly leasing options. Unit Details: ? Studio/1 Bathroom: Each studio unit is thoughtfully designed to maximize livability and comfort. The units come equipped with essential appliances, including a range, refrigerator, and microwave. ? Utilities Included: Water, sewer, and trash services are included, simplifying the rental process for both owners and tenants. ? Living Experience: Residents will enjoy impact windows throughout and durable tile floors, adding both safety and style to the living space. Community and Lifestyle: ? Proximity to Amenities: Located in the 33020 area of Hollywood, residents have easy access to local highlights, including diverse dining options, entertainment venues, and vibrant nightlife. ? Leasing Team: The professional leasing team at 1934 Madison St is dedicated to helping you find the perfect unit, offering personalized tours and support. ? Lifestyle: Experience the best of Hollywood’s food, weather, and activities without ever leaving home. This property offers the perfect blend of comfort, convenience, and lifestyle. Don’t miss this opportunity to invest in a property that combines prime location, excellent condition, and versatile rental potential. Contact the leasing office today to schedule your tour and discover why 1934 Madison St is the right investment for you.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

5

PRICE/UNIT

$239,800

CAP RATE

7.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MADISON STREET APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,452 SF

ZONING

RMCRA-18

APN/PARCEL ID

51-42-15-01-5970

ASK ABOUT THIS PROPERTY

Bram ScolnickEAST COAST REALTY BROKERAGE (ECR BROKERAGE)More Info
954-302-6368

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Bram ScolnickEAST COAST REALTY BROKERAGE (ECR BROKERAGE)More Info
954-302-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.