2414 Johnson St #1-17 ,Apartments for Sale & Rent

2414 Johnson St #1-17 for Sale & Rent

Price $2,900,000.00

• Lot size 20970
• Year Build 1956
• Waterfront
• Zip 33020
• Style
• Parking Description Assigned
• Pool Yes
• Status Active With Contract

Description

Fausto Commercial proudly presents this 17-unit apartment complex located at 2414 Johnson St. in Hollywood, FL. The property consists of 3 two-bedroom/one-bath units, 6 studios, and 8 one-bedroom/one-bath units. Currently underperforming with 4 vacancies, the property presents a significant value-add opportunity. With professional management and full occupancy, the projected cap rate exceeds 8%, making this an exceptional opportunity for a savvy investor. Sitting on a large 21,000 sq ft lot, the site also offers potential for redevelopment into approximately 40 units. Located just minutes from Young Circle, Hollywood Beach, restaurants, and I-95, the property offers strong tenant appeal in a high-demand rental market.

HOLLYWOOD LITTLE RANCHES 1-26 B LOT 29 BLK 13

Fausto Commercial proudly presents this 17-unit apartment complex located at 2414 Johnson St. in Hollywood, FL. The property consists of 3 two-bedroom/one-bath units, 6 studios, and 8 one-bedroom/one-bath units. Currently underperforming with 4 vacancies, the property presents a significant value-add opportunity. With professional management and full occupancy, the projected cap rate exceeds 8%, making this an exceptional opportunity for a savvy investor. Sitting on a large 21,000 sq ft lot, the site also offers potential for redevelopment into approximately 40 units. Located just minutes from Young Circle, Hollywood Beach, restaurants, and I-95, the property offers strong tenant appeal in a high-demand rental market.

City:Hollywood,Zoning:RM-18,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Vinyl,Latitude:26.018245,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:2900000,Listing Id:A11801215,Longitude:-80.155286,Mls Status:Active With Contract,Year Built:1956,Postal Code:33020,Street Name:Johnson St,Unit Number:1-17,Contingency:Pending Inspections,Coordinates:1:26.018245,Gross Income:166500,Photos Count:26,Days On Market:6,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.48,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,On Market Date:2025-05-14,Parcel Number:514216015140,Property Type:Commercial Sale,Stories Total:2,Street Number:2414,Public Remarks:Fausto Commercial proudly presents this 17-unit apartment complex located at 2414 Johnson St. in Hollywood, FL. The property consists of 3 two-bedroom/one-bath units, 6 studios, and 8 one-bedroom/one-bath units. Currently underperforming with 4 vacancies, the property presents a significant value-add opportunity. With professional management and full occupancy, the projected cap rate exceeds 8%, making this an exceptional opportunity for a savvy investor. Sitting on a large 21,000 sq ft lot, the site also offers potential for redevelopment into approximately 40 units. Located just minutes from Young Circle, Hollywood Beach, restaurants, and I-95, the property offers strong tenant appeal in a high-demand rental market.,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:3947,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:59457,Unparsed Address:2414 Johnson St # 17, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Operating Expense:88237,Building Area Total:7623,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:20970,Number Of Buildings:1,Original List Price:2900000,Public Survey Range:51,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Net Operating Income:78263,Syndication Remarks:Fausto Commercial proudly presents this 17-unit apartment complex located at 2414 Johnson St. in Hollywood, FL. The property consists of 3 two-bedroom/one-bath units, 6 studios, and 8 one-bedroom/one-bath units. Currently underperforming with 4 vacancies, the property presents a significant value-add opportunity. With professional management and full occupancy, the projected cap rate exceeds 8%, making this an exceptional opportunity for a savvy investor. Sitting on a large 21,000 sq ft lot, the site also offers potential for redevelopment into approximately 40 units. Located just minutes from Young Circle, Hollywood Beach, restaurants, and I-95, the property offers strong tenant appeal in a high-demand rental market.,Listing Contract Date:2025-05-14,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Call Listing Agent,Street Number Numeric:2414,Tax Legal Description:HOLLYWOOD LITTLE RANCHES 1-26 B LOT 29 BLK 13,Public Survey Township:51,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Please Visit Fausto Commercial,Contract Status Change Date:2025-05-20,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,