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    332 Georgia St Hollywood, FL 33019

    For Sale
    $1,575,000

    Beachfront 4-unit building, high occupancy.

    Property size:
    1,778 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a four-unit multifamily property ideally situated just one block from the pristine sands of Hollywood Beach and steps away from the vibrant Hollywood boardwalk. The building, constructed in 1954 and boasting two stories, encompasses a total of 1,778 square feet. The property comprises two one-bedroom, one-bathroom units and two studio units, all fully furnished and currently generating substantial income as short-term rentals via Airbnb and Booking.com. The property enjoys a remarkable 90% occupancy rate throughout the year. Recent upgrades include a new electrical system, four separate electric meters, impact windows, and a seven-year-old roof. The exterior has been recently painted, showcasing the meticulous upkeep of this well-maintained property. The asking price is $1,575,000. Seller financing is available with up to 60% loan-to-value at a highly competitive interest rate. Please note that proof of funds and an escrow letter demonstrating a deposit are required before scheduling a showing. The provided cap rate is based on long-term rental projections. Do not disturb tenants.

    Property Features for 332 Georgia St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,778 SF

    Building Details

    Year Built
    1954
    Stories
    2

    HighLights

    • $1,575,000 asking price for this multifamily investment property.
    • Four‑plex apartment building located one block from Hollywood Beach.
    • 1,778 square feet, two‑story building constructed in 1954.
    • Features updated interiors, impact windows, a seven‑year‑old roof, and new electrical systems with four separate meters.
    • Currently operating as a successful short‑term rental with high occupancy rates.
    • Seller financing available with up to 60% LTV at a competitive interest rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hollywood Beachfront House Serviced Apartment

    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
    -80.1171446
    Latitude
    26.0070181

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    FAQs

    What type of property is this?
    Multifamily property - Beachfront 4-unit building, high occupancy.
    Where is this multifamily property located?
    The property is located at 332 Georgia St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: $1,575,000 asking price for this multifamily investment property.; Four-plex apartment building located one block from Hollywood Beach.; 1,778 square feet, two-story building constructed in 1954.
    Request Owner's contact information
    332 Georgia St 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
    332 Georgia St Hollywood, FL 33019
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