14-Unit Apartment
For Sale
$1,600,000
2305 Monroe Street, Hollywood, FL 33020
Established multifamily property with 14 residential units in Hollywood.
Property Size6,414 SF
Price / SF$249.45
Days on Market2254
Property Features for 2305 Monroe Street
General Information
Standard status
Active
Size
6,414 SF
Property subtype
Commercial/Industrial / Income/Multi Family
Additional Details
Multifamily Units
14
Taxes and HOA fees
Annual Taxes
$25,177
Building Details
Year Built
1966
Listing Agency:
Luxe Capital Realty
Listed By:
Ashley Ochoa · License #3326301
(305) 646-1958
Source:
Compass
Added: Aug 18, 2020
Changed: Oct 13
Last Checked: Oct 19 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Luxe Capital Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains 14 residential units within a 6,414-square-foot building constructed in 1966. The asset is located at 2305 Monroe Street in Hollywood, Florida, providing a defined multifamily configuration for residential income use.
Key Highlights
- 14‑unit apartment building
- 6,414‑square‑foot building
- Constructed in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,908
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,138,160
$2.1M
Cap Rate 7%
$1,527,257
$1.5M
Cap Rate 9%
$1,187,867
$1.2M
Market Conditions
NOI Build-Up for 6,414 SF
Gross rent
$204.0K $31.80/SF
− Vacancy
−$9.6K −$1.49/SF
EGI
$194.4K $30.31/SF
− OpEx
−$87.5K −$13.64/SF
NOI
$106.9K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,138,160
Cap Rate 7%
$1,527,257
Cap Rate 9%
$1,187,867
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $106,908 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,641 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
4,477
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily property with 14 residential units in Hollywood.
Where is this apartment building located?
The property is located at 2305 Monroe Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 14‑unit apartment building; 6,414‑square‑foot building; Constructed in 1966
