1836 Dewey St Hollywood, FL 33020
- Apartment buildings
- 2,646 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1836 Dewey St
- Year built
- 1954
- Property size
- 2,646 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a meticulously renovated six-unit apartment building situated in Hollywood, Florida, just blocks from Young Circle. The property, comprised of two, two-story buildings, totaling 2,646 square feet, boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $75,341, translating to a compelling 6.03% cap rate. Built in 1954 and completely renovated in 2022, this property features five one-bedroom units and one studio unit. Recent upgrades include the installation of new impact windows, updated air conditioning units, fresh paint throughout, a new gate, enhanced landscaping, and a convenient on-site laundry room. Ample parking is available for residents. The asking price is $1,250,000, representing a price per unit of $208,333.33. This stabilized investment property offers a strong return on investment with significant potential for long-term appreciation, making it an ideal addition to any investor's portfolio. The property's prime location and recent renovations ensure consistent rental income and a desirable living environment for tenants. This is a rare opportunity to acquire a high-performing multifamily asset in a thriving South Florida market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1441
- Latitude
- 26.003
