2206 Adams St ,Apartments for Sale & Rent

2206 Adams St for Sale & Rent

Price $3,195,000.00

• Lot size 20501
• Year Build 1965
• Waterfront
• Zip 33020
• Style
• Parking Description Assigned, Other
• Pool Yes
• Status Active

Description

We are pleased to present 2206 Adams St, a turnkey 15-unit multifamily gem located just 2 minutes from Young Circle and downtown Hollywood. This fully renovated property includes one 3-bed/2-bath unit, five 1-bed/1-bath units, and nine spacious studio units, all featuring new flooring, modern kitchens, impact windows/doors, and stylish bathrooms. With central air, assigned parking, and individual electric meters, it ensures low expenses and maximum tenant convenience. Currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with DH-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.

HOLLYWOOD LITTLE RANCHES 1-26 B LOT 22 BLK 1

We are pleased to present 2206 Adams St, a turnkey 15-unit multifamily gem located just 2 minutes from Young Circle and downtown Hollywood. This fully renovated property includes one 3-bed/2-bath unit, five 1-bed/1-bath units, and nine spacious studio units, all featuring new flooring, modern kitchens, impact windows/doors, and stylish bathrooms. With central air, assigned parking, and individual electric meters, it ensures low expenses and maximum tenant convenience. Currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with DH-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.

City:Hollywood,Roof:1:Shingle,Zoning:DH-2,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:26.0047298,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:3195000,Listing Id:A11590560,Longitude:-80.1510616,Mls Status:Active,Year Built:1965,Postal Code:33020,Street Name:Adams St,Tenant Pays:1:Other,Coordinates:1:26.0047298,Photos Count:22,Days On Market:59,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,On Market Date:2024-05-21,Parcel Number:514216011470,Parking Total:15,Property Type:Commercial Sale,Stories Total:1,Street Number:2206,Public Remarks:We are pleased to present 2206 Adams St, a turnkey 15-unit multifamily gem located just 2 minutes from Young Circle and downtown Hollywood. This fully renovated property includes one 3-bed/2-bath unit, five 1-bed/1-bath units, and nine spacious studio units, all featuring new flooring, modern kitchens, impact windows/doors, and stylish bathrooms. With central air, assigned parking, and individual electric meters, it ensures low expenses and maximum tenant convenience. Currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with DH-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Parking Features:1:Other,Postal Code Plus4:5371,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:31896,Unparsed Address:2206 Adams St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:8256,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:20501,Number Of Buildings:2,Original List Price:3195000,Public Survey Range:51,Documents Available:1:Appraisal,2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:We are pleased to present 2206 Adams St, a turnkey 15-unit multifamily gem located just 2 minutes from Young Circle and downtown Hollywood. This fully renovated property includes one 3-bed/2-bath unit, five 1-bed/1-bath units, and nine spacious studio units, all featuring new flooring, modern kitchens, impact windows/doors, and stylish bathrooms. With central air, assigned parking, and individual electric meters, it ensures low expenses and maximum tenant convenience. Currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with DH-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.,Financial Data Source:1:Projected Pro-Forma,Listing Contract Date:2024-05-21,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Call Listing Agent,Street Number Numeric:2206,Tax Legal Description:HOLLYWOOD LITTLE RANCHES 1-26 B LOT 22 BLK 1,Public Survey Township:51,Construction Materials:1:Other,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:2024-05-21,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,