Address: 1856 Lincoln St, Hollywood, FL 33020, USA
Created date: February 4, 2025
Date last updated: February 4, 2025
- $2,400,000 price, $200,000 per unit
- 12 units: 8 one-bedrooms, 4 studios
- Brand-new roof (November 2024), updated kitchens, bathrooms, and interiors
- Strong rental demand in walkable, tenant-friendly area near Young Circle and I-95
- Value-add potential with opportunity to increase rents and optimize operations
- Compact two-story design maximizing income potential
- Shared on-site laundry, individual A/C units in all units
- Immediate cash flow with upside through stabilization and rent growth
Property Description
The Lincoln Park Apartments is a 12-unit multifamily property priced at $2,400,000, or $200,000 per unit. The two-story building spans 5,996 SF on a 5,458 SF lot. The unit mix consists of 8 one-bedroom units and 4 studio units.
Recent improvements include a brand-new roof installed in November 2024, updated units with modern kitchens, stainless steel appliances, vinyl wood flooring, and renovated bathrooms. Shared on-site laundry facilities and individual A/C units are provided for tenant convenience.
This property offers stable cash flow with additional upside through further operational or value-add improvements.