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Property profile & analytics
OFF-MARKET
Multifamily properties

323 Monroe St Hollywood, FL 33019

0.15 ac lot Built 1957
Property ID
Property summary
AI-generated overview

This exceptional six-unit multi-family property, located at 323 Monroe Street in Hollywood, Florida, presents a lucrative investment opportunity. Situated on a 0.15-acre lot, this well-maintained two-story building enjoys a prime beachfront location, just steps from the Hollywood Beach boardwalk. The property comprises four spacious one-bedroom, one-bathroom units and two efficient studio units, all equipped with impact windows and individual split AC units. Each unit benefits from its own electric meter, simplifying utility management. Currently operating as a successful short-term rental business, this turnkey operation offers immediate income potential. The property also includes a convenient laundry room and additional storage space for tenant and owner use. The building's excellent condition and desirable location, combined with the strong existing rental income, make this a highly attractive investment for discerning buyers seeking a profitable and low-maintenance coastal property. The property's proximity to the beach provides unparalleled access to South Florida's renowned beaches and vibrant oceanfront lifestyle. This is a rare opportunity to acquire a thriving, established business with significant upside potential in a highly sought-after location. The property is priced at $3,750,000.

Property profile
Verified
Property type Multifamily properties
Year built 1957
Lot 0.15 ac (6,534 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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