1957 Monroe St ,Apartments for Sale

1957 Monroe St for Sale

Price $2,500,000.00

• Lot size 11472
• Year Build 1992
• Waterfront
• Zip 33020
• Style
• Parking Description Assigned
• Pool Yes
• Status Active With Contract

Description

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.

The property has desirable PS-3 zoning, allowing for significant expansion potential. With the ability to build up to 10 stories high and over 25 units, this zoning enhances the property's value and offers a unique investment opportunity.

HOLLYWOOD 1-21 B LOT 1,2 & LOT 3 W 1 OF N 24 FT 1 IN BLK 28

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.

City:Hollywood,Roof:1:Other,2:Tile Roof,Zoning:PS-3,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Flooring:1:Vinyl,Latitude:26.0079908,Cooling Y N:1,Heating Y N:1,List Price:2500000,Listing Id:A11524393,Longitude:-80.1466672,Mls Status:Active With Contract,Year Built:1992,Postal Code:33020,Street Name:Monroe St,Coordinates:1:26.0079908,Photos Count:17,Days On Market:7,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:3040,On Market Date:2024-01-31,Parcel Number:514215015430,Parking Total:12,Property Type:Commercial Sale,Stories Total:2,Street Number:1957,Public Remarks: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.,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Private Remarks:The property has desirable PS-3 zoning, allowing for significant expansion potential. With the ability to build up to 10 stories high and over 25 units, this zoning enhances the property's value and offers a unique investment opportunity.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5090,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:17062,Unparsed Address:1957 Monroe St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:5054,Building Area Units:Square Feet,Lot Size Square Feet:11472,Number Of Buildings:1,Original List Price:2500000,Public Survey Range:51,Documents Available:1:Investment Analysis,2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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.,Financial Data Source:1:Projected Pro-Forma,Listing Contract Date:2024-01-31,Originating System I D:miamire,Public Survey Section:15,Showing Instructions:Call Listing Agent,Street Number Numeric:1957,Tax Legal Description:HOLLYWOOD 1-21 B LOT 1,2 & LOT 3 W 1 OF N 24 FT 1 IN BLK 28,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial,Contract Status Change Date:2024-01-31,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,