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    1934 Madison St Hollywood, FL 33020

    For Sale
    $1,199,000

    5-Unit Apartment Building, High ROI

    Property size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5-unit apartment building, located at 1934 Madison St, Hollywood, FL 33020, presents a prime investment opportunity. Boasting a 7.55% cap rate and 100% occupancy, this stabilized multifamily property offers a strong return on investment. The 2,200 square foot building, constructed in 1970 and renovated in 2022, sits on a 5,400 square foot lot and is zoned PS-2. Each of the five studio/1-bathroom units features tile flooring, impact windows, and a range, refrigerator, and microwave. Water, sewer, and trash are included in the rent. Ample parking is available. The building's strong structural integrity, including a durable metal roof, ensures long-term value. Its prime East Hollywood location, just minutes from Hollywood Beach, provides easy access to dining, entertainment, and the beach. The property's Net Operating Income (NOI) is $90,500, with an asking price of $1,199,000 ($239,800 per unit and $545 per square foot). This represents a compelling opportunity for investors seeking a well-maintained, high-performing asset in a desirable location. The property has been successfully operated as a 5-unit building for over 40 years, demonstrating its consistent rental potential. This turnkey investment is ready for immediate income generation.

    Property Features for 1934 Madison St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,200 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1970/2022
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • Prime East Hollywood location, minutes from Hollywood Beach.
    • Excellent condition, recently renovated (2022).
    • Durable metal roof and impact windows.
    • Tile flooring throughout all five units.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.146015693011
    Latitude
    26.006833539891

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    FAQs

    What type of property is this?
    Multifamily property - 5-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 1934 Madison St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Prime East Hollywood location, minutes from Hollywood Beach.; Excellent condition, recently renovated (2022).; Durable metal roof and impact windows.
    Request Owner's contact information
    1934 Madison 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
    1934 Madison St Hollywood, FL 33020
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