2302 Taylor St Hollywood, FL 33020
- Commercial real estate
- 3,200 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2302 Taylor St
- Year built
- 1955
- Property size
- 3,200 SF
- Property type
- Commercial real estate
Description
This exceptional six-unit multifamily property located at 2302 Taylor St, Hollywood, FL 33020, is offered at $1,200,000. The property, built in 1955, comprises two buildings totaling 3,200 square feet and sits on a spacious 10,000 square foot lot. The property has undergone a full renovation and offers a mix of unit sizes to cater to diverse renter needs: one two-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, three one-bedroom/one-bathroom units, and one studio unit. Each unit features modern upgrades, including new appliances and furnished interiors, providing a turnkey investment opportunity. A convenient coin-operated laundry room generates additional income. The property's zoning allows for redevelopment, with the potential to increase the unit count to 24. Its prime location, just two minutes from downtown Hollywood's Young Circle, offers easy access to restaurants, shopping, and the beach, ensuring high occupancy rates. At full occupancy, the property is projected to generate approximately $132,000 in annual rental income. This makes it an attractive investment opportunity in a highly desirable location. The property is situated in Broward County.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.153
- Latitude
- 26.0136
