1936 Washington St Hollywood, FL 33020

Property Details for 1936 Washington St

Year built

1978

Property type

Small apartment buildings

Description

This exceptional Hollywood, Florida triplex presents a compelling investment opportunity. Located at 1936 Washington St, 33020, this single-story, 1978-built property offers a blend of strong rental income and potential for appreciation. The property comprises two full units and one efficiency unit, generating substantial monthly income. Unit 1 commands $2,650 per month on a six-month lease, while Unit 2 brings in $1,950 per month, also on a six-month lease. The efficiency unit currently rents for $1,150 per month, with the lease expiring in August. In total, the property boasts four bedrooms and three bathrooms. Recent upgrades enhance its value and appeal, including a new roof installed in 2018, updated air conditioning units, and granite kitchen countertops in select units. Four parking spaces are available for residents. Its convenient location near shopping centers, major highways, and the beach makes it attractive for both short-term (Airbnb) and long-term rentals. This well-maintained property offers a significant return on investment, making it a standout opportunity in a desirable area of Hollywood. The property's strong rental history and recent improvements contribute to its high earning potential.