323 Monroe St Hollywood, FL 33019
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.