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    2020 Washington St, Unit 1-8 Hollywood, FL 33020

    For Sale
    $1,889,000

    Completely upgraded 8-unit building with income potential in Hollywood, FL.

    Lot size:
    0.26 Acres

    Property Features for 2020 Washington St

    General Information

    Lot size
    0.26 Acres

    Building Details

    Year built
    1950

    Source: Serhant Agent John Roddy

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

    Overview

    Upgraded 8-Plex Multifamily Building

    This is an 8-plex building that has been completely upgraded. Each of the eight units features 1 bedroom and 1 bathroom. The units have new kitchens, new appliances, and new bathrooms. The property also features new plumbing, impact windows, and new central A/C in every unit, as well as new flooring throughout. Six of the units are occupied by annual tenants. The other two units are newly furnished and available for rent. The building is being sold furnished, ready for immediate operation. The double lot offers the potential to build another block of units or a pool.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1475548
    Latitude
    26.0037344

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    FAQs

    What type of property is this?
    Apartment building - Completely upgraded 8-unit building with income potential in Hollywood, FL.
    Where is this apartment building located?
    The property is located at 2020 Washington St, Unit 1-8 Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,889,000.
    What are key features of this property?
    This property features: - Completely upgraded 8-unit building with new kitchens, appliances, bathrooms, plumbing, flooring, and central A/C in every unit.; - Impact windows throughout the building.; - Turn-key operation: sold furnished and ready to generate immediate income.
    (612) 227-9063
    Request Owner's contact information
    2020 Washington St, Unit 1-8 Hollywood, FL 33020
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    Hollywood, FL 33020
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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
    2020 Washington St, Unit 1-8 Hollywood, FL 33020
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