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    1936 Washington St Hollywood, FL 33020

    For Sale
    $795,000

    High-Income Triplex, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Hollywood, Florida triplex presents a compelling investment opportunity. Located at 1936 Washington St, 33020, this single-story, 1978-built property offers a blend of strong rental income and potential for appreciation. The property comprises two full units and one efficiency unit, generating substantial monthly income. Unit 1 commands $2,650 per month on a six-month lease, while Unit 2 brings in $1,950 per month, also on a six-month lease. The efficiency unit currently rents for $1,150 per month, with the lease expiring in August. In total, the property boasts four bedrooms and three bathrooms. Recent upgrades enhance its value and appeal, including a new roof installed in 2018, updated air conditioning units, and granite kitchen countertops in select units. Four parking spaces are available for residents. Its convenient location near shopping centers, major highways, and the beach makes it attractive for both short-term (Airbnb) and long-term rentals. This well-maintained property offers a significant return on investment, making it a standout opportunity in a desirable area of Hollywood. The property's strong rental history and recent improvements contribute to its high earning potential.

    Property Features for 1936 Washington St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1978
    Stories
    1

    HighLights

    • $795,000 asking price.
    • Hollywood, FL multifamily investment property.
    • Triplex with two 2‑bedroom/1‑bathroom units and one efficiency unit.
    • Strong rental income: $2,650, $1,950, and $1,150 monthly.
    • Built in 1978, one story.
    • Recent upgrades include a new roof (2018), updated A/C units, and granite countertops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -80.1460487
    Latitude
    26.0038109

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    FAQs

    What type of property is this?
    Multifamily property - High-Income Triplex, Prime Location
    Where is this multifamily property located?
    The property is located at 1936 Washington St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price.; Hollywood, FL multifamily investment property.; Triplex with two 2-bedroom/1-bathroom units and one efficiency unit.
    Request Owner's contact information
    1936 Washington St 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
    1936 Washington St Hollywood, FL 33020
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