332 Georgia St Hollywood, FL 33019
- Small apartment buildings
- 1,778 SF
Current Use by Public Records
- Hollywood Beachfront House / Serviced Apartment
Property Details for 332 Georgia St
- Year built
- 1954
- Property size
- 1,778 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a four-unit multifamily property ideally situated just one block from the pristine sands of Hollywood Beach and steps away from the vibrant Hollywood boardwalk. The building, constructed in 1954 and boasting two stories, encompasses a total of 1,778 square feet. The property comprises two one-bedroom, one-bathroom units and two studio units, all fully furnished and currently generating substantial income as short-term rentals via Airbnb and Booking.com. The property enjoys a remarkable 90% occupancy rate throughout the year. Recent upgrades include a new electrical system, four separate electric meters, impact windows, and a seven-year-old roof. The exterior has been recently painted, showcasing the meticulous upkeep of this well-maintained property. The asking price is $1,575,000. Seller financing is available with up to 60% loan-to-value at a highly competitive interest rate. Please note that proof of funds and an escrow letter demonstrating a deposit are required before scheduling a showing. The provided cap rate is based on long-term rental projections. Do not disturb tenants.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1171446
- Latitude
- 26.0070181
