5719 Johnson St Hollywood, FL 33021

This exceptional 5-unit apartment building presents a compelling value-add opportunity in the heart of Hollywood, Florida. Situated on a spacious 14,348 square foot lot at 5719 Johnson St, this 2,147 square foot property boasts a desirable location, close to I-95 and the Hard Rock. The building, constructed in 1957, comprises one 2-bedroom/1-bathroom unit and four 1-bedroom/1-bathroom units, all currently occupied at 100% occupancy, generating a strong pro-forma NOI of $73,900 and a 7.04% cap rate. Ten convenient parking spaces and individual electric meters minimize operating expenses. The property features a beautiful garden area and additional outdoor lounging space, enhancing its appeal to tenants. Significant upside potential exists through rental increases to market rates, projecting a gross annual income exceeding $100,000. This single-story building offers a turnkey investment opportunity, with the possibility of purchasing the adjacent office building for an even larger portfolio. The asking price is $1,050,000. This property is a Class C multifamily investment, ideal for those seeking strong cash flow and appreciation potential in a prime South Florida location. The current monthly income is $5,200.