5-Unit Apartment
For Sale
$1,050,000
5719 Johnson Street Unit 15, Hollywood, FL 33021
Fully occupied property with individual electric meters, on-site parking, and landscaped outdoor areas.
Property Size2,147 SF
Lot Size0.34 Acres
Price / SF$489.05
Days on Market1660
Property Features for 5719 Johnson Street Unit 15
General Information
Standard status
Active
Size
2,147 SF
Total Parking Spaces
10
Lot size
0.34 Acres
Property subtype
Commercial/Industrial / Income/Multi Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
5
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,434
Amenities
garden area
outdoor lounging space
Building Details
Year Built
1957
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Compass
Added: Apr 6, 2022
Changed: Oct 21
Last Checked: Oct 20 at 11:27PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
5719 Johnson Street is a five-unit apartment property comprising one two-bedroom, one-bath residence and four one-bedroom, one-bath residences. The 1957 building is fully occupied and includes individual electric meters for each unit. Ten on-site parking spaces serve the property, while a garden area and separate outdoor lounging space add usable exterior amenities.
The property occupies a 15,000-square-foot lot in Hollywood near 441, I-95, and the Hard Rock. The adjacent office building at 5715 Johnson St. is also available for purchase, allowing the two properties to be acquired together.
The property occupies a 15,000-square-foot lot in Hollywood near 441, I-95, and the Hard Rock. The adjacent office building at 5715 Johnson St. is also available for purchase, allowing the two properties to be acquired together.
Key Highlights
- Five‑unit apartment property with one 2‑bed/1‑bath unit and four 1‑bed/1‑bath units
- Fully occupied with individual electric meters
- 10 parking spaces on a 15k sqft lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,786
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,720
$715.7K
Cap Rate 7%
$511,229
$511.2K
Cap Rate 9%
$397,622
$397.6K
Market Conditions
NOI Build-Up for 2,147 SF
Gross rent
$68.3K $31.80/SF
− Vacancy
−$3.2K −$1.49/SF
EGI
$65.1K $30.31/SF
− OpEx
−$29.3K −$13.64/SF
NOI
$35.8K $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%
$715,720
Cap Rate 7%
$511,229
Cap Rate 9%
$397,622
Alternative Uses
Best Use
Apartment 5plus
$511.2K
$447.3K – $596.4K
NOI $35,786 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$839.9K
$734.9K – $979.9K
NOI $58,793 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with individual electric meters, on-site parking, and landscaped outdoor areas.
Where is this apartment building located?
The property is located at 5719 Johnson Street Unit 15 Hollywood, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five‑unit apartment property with one 2‑bed/1‑bath unit and four 1‑bed/1‑bath units; Fully occupied with individual electric meters; 10 parking spaces on a 15k sqft lot
