2302 Taylor St Hollywood, FL 33020
- Apartment buildings
- 4,484 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2302 Taylor St
- Year built
- 1955
- Property size
- 4,484 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 6-unit multifamily property at 2302 Taylor St, Hollywood, FL 33020, presents a compelling investment opportunity. The property, built in 1955, comprises two buildings totaling 4,484 square feet on a spacious 10,000 square foot lot. The unit mix includes a 2-bedroom/2-bathroom unit, a 2-bedroom/1-bathroom unit, three 1-bedroom/1-bathroom units, and a studio unit. Each unit has been fully renovated and features modern appliances and included furniture, offering a turnkey operation. A convenient on-site coin laundry adds to the property's income potential. Located just two minutes from downtown Hollywood's Young Circle, this property benefits from its proximity to restaurants, shopping, and the beach, ensuring high occupancy rates. The property is zoned for redevelopment, allowing for up to 24 units, presenting significant future upside. At full occupancy, the property is projected to generate approximately $132,000 in annual income at current market rents. The asking price is $1,200,000. This single-story building represents a rare opportunity to acquire a well-maintained, high-performing multifamily property in a prime Hollywood location. The property's strong cash flow, redevelopment potential, and desirable location make it an attractive addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.153
- Latitude
- 26.0136
