2419-2421 Johnson St Hollywood, FL 33020

Property Details for 2419-2421 Johnson St

Year built

1980

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This Hollywood, Florida duplex presents a compelling investment opportunity. Located at 2419-2421 Johnson St, 33020, this one-story, 1980-built property boasts two units generating substantial rental income. Unit one, a renovated 3-bedroom, 2-bathroom apartment, currently rents for $1850 per month, below market value. Unit two, a 2-bedroom, 2-bathroom apartment, commands a monthly rent of $2100. The property sits on a large lot, offering potential for future redevelopment. Current zoning is RM-9. Tenants are long-term and willing to accept rental increases, offering immediate cash flow. Utilities (water, sewer, garbage, and electricity) are separately metered, with tenants responsible for their own bills. The property is well-maintained and presents a straightforward management opportunity with significant upside potential for increased profitability through market-rate rent adjustments. This property is ideal for out-of-town investors seeking a low-maintenance, high-return investment in a desirable location. Asking price is $699,900.