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    323 Monroe St Hollywood, FL 33019

    For Sale
    $3,625,000

    Six-unit multifamily property near Hollywood Beach, suitable for short-term rentals.

    Lot size:
    0.15 Acres

    Property Features for 323 Monroe St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1957

    Source: Rainbow Investment Realty Inc Agent Lambert Wu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Beach 6-Unit Multifamily Property

    This is a six-unit multifamily property located in Hollywood Beach. The two-story building features four one-bedroom, one-bathroom units and two efficiency units. The property is well-maintained and situated a few steps from the beachside walk. All windows are impact-resistant, and each unit has its own split AC system. There are six electric meters. Currently used for short-term rentals, the property is offered as a turnkey business. Additional amenities include a laundry room and extra storage space. The property is positioned to enjoy the South Florida weather on the beach.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.116599
    Latitude
    26.0084637

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property near Hollywood Beach, suitable for short-term rentals.
    Where is this apartment building located?
    The property is located at 323 Monroe St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $3,625,000.
    What are key features of this property?
    This property features: - Turnkey business opportunity with strong short-term rental income.; - Prime Hollywood Beach location, steps from the beach.; - Six units: Four 1/1 units and two efficiencies.
    (954) 483-5111
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    323 Monroe St Hollywood, FL 33019
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    Hollywood, FL 33019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    323 Monroe St Hollywood, FL 33019
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