2516 Cleveland St Hollywood, FL 33020
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 2516 Cleveland St
- Year built
- 1929
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a rare chance to acquire a three-unit multifamily property in the desirable Hollywood, Florida area. The property, built in 1929, comprises two separate buildings, offering distinct advantages for investors. The main building features a spacious three-bedroom, two-bathroom unit (Unit A) equipped with central air conditioning. Adjacent to the main building is a one-bedroom, one-bathroom unit (Unit B) complete with attached storage and laundry facilities. A separate, detached building in the rear (Unit C) offers another one-bedroom, one-bathroom unit, boasting a large additional laundry/storage room and a private garden, accessed via an alley. Units B and C are equipped with window air conditioning units. The property benefits from two separate parking areas and convenient access from split streets. Its prime location in Hollywood, just five minutes from Oakwood Plaza, ensures strong rental demand and high occupancy rates. The property offers a significant return on investment and positive cash flow, making it an ideal addition to any portfolio. All information is believed to be accurate but is not guaranteed
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1579891
- Latitude
- 26.0229763
