5719 Johnson St - Apartments FOR SALE


Hollywood, FL 33021
$1,050,000 USD
954-743-7594
5719 Johnson St, Hollywood, FL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/29
null | 7.04% Cap Rate

5719 Johnson St
Hollywood, FL 33021


HIGHLIGHTS

  • One Unit is 2 Bed/1 Bath and Four Units are 1 Bed/1 Bath
  • Tons of Upside when raising rents to market rate, Potential of over $100k in Gross Annual Income
  • Located in the Heart of Hollywood on the Main Corridor of Johnson St right off of State Rd 7 (441)
  • Can be Sold Together with the Office Building Next Door
  • Large Lot with Plenty of Parking Spaces (10 Spaces)

OVERVIEW

We are pleased to present 5719 Johnson St, a turnkey 5-unit multifamily gem located just off 441 in the heart of Hollywood, close to I-95 and the Hardrock. This property features one 2-bed/1-bath unit and four 1-bed/1-bath units. With 10 parking spaces and individual electric meters, it ensures low expenses and tenant convenience. Currently fully occupied with under-market rents, the property has the potential for over $100k in gross annual rental income when adjusted to market rates. The beautiful garden area and additional outdoor lounging space on the large 15k sqft lot enhance the property's appeal. This property can also be purchased with the office building next door at 5715 Johnson St, offering a unique investment opportunity.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$489 USD /SF

# OF UNITS

5

PRICE/UNIT

$210,000

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Unit Apartment Building on Johnson St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C-3

APN/PARCEL ID

51-41-12-04-0841

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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