Address: 1843 Dewey St, Hollywood, FL 33020, USA
Created date: February 4, 2025
Date last updated: February 4, 2025
- Prime Location: Strategically positioned near downtown Hollywood, ensuring high tenant demand and access to amenities.
- Income Potential: Studio units are rented for around $1,250/month, offering consistent cash flow opportunities.
- Value-Add Opportunity: Potential for rent growth through property enhancements or strategic repositioning.
- Desirable Amenities: Features like a swimming pool, controlled access, and proximity to entertainment make it attractive to renters.
- Market Growth: Hollywood’s ongoing development supports long-term appreciation and investor returns.
Property Description
Located in the vibrant Parkside neighborhood, this well-maintained 27-unit apartment building offers an attractive investment opportunity at an asking price of $4.3M. The unit mix includes 25 studio apartments, one 1BD/1BR unit, and one 2BD/1BR unit. Residents enjoy access to a private pool and the convenience of being near Young Circle Park, dining, shopping, and public transportation. With its desirable location and strong rental demand, this property is perfect for investors seeking value in South Florida’s multifamily market.