1934 Madison St Hollywood, FL 33020
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1934 Madison St
- Year built
- 1953
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 5-unit multifamily property located at 1934 Madison St, Hollywood, FL 33020, in Broward County. The property, built in 1953, is a single, one-story building classified as Class B and boasts a compelling 7.10% cap rate. Offered at $1,189,000, this asset presents a strong return on investment. Situated in the desirable East Hollywood neighborhood, it's conveniently located just minutes from the renowned Hollywood Beach, providing residents with easy access to both urban amenities and the relaxing beach lifestyle. The building is meticulously maintained and features impact windows throughout, ensuring protection from Florida's weather. A durable metal roof further enhances the property's longevity and resilience. This turnkey investment is ideal for those seeking a stable, high-yield property in a prime South Florida location. The property's excellent condition minimizes potential maintenance concerns, making it an attractive option for both seasoned investors and those new to the multifamily market. This is a rare opportunity to acquire a well-maintained, high-performing asset in a thriving area with significant growth potential. Don't miss this chance to secure a piece of Hollywood's vibrant real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.146
- Latitude
- 26.0067
