Turnkey 15-Unit Multifamily Gem: Fully Renovated, High Income Potential Near Downtown Hollywood

  • $3,195,000
2206, Adams Street, Hollywood, Broward County, Florida, 33020, United States
  • Multi-family
  • Property Type
  • 15
  • Units
  • 8,256
  • ft²
  • 20,501
  • Lot ft²
For Sale
Turnkey 15-Unit Multifamily Gem: Fully Renovated, High Income Potential Near Downtown Hollywood
2206, Adams Street, Hollywood, Broward County, Florida, 33020, United States
  • $3,195,000

Details

Updated on July 23, 2024 at 3:12 pm
  • Price: $3,195,000
  • Property Size: 8,256 ft²
  • Land Area: 20,501 ft²
  • Units: 15
  • Property Type: Multi-family
  • Property Status: For Sale

Description

We are pleased to present 2206 Adams St, a turnkey 15-unit multifamily gem located just 2 minutes from Young Circle and downtown Hollywood. This fully renovated property includes one 3-bed/2- bath unit, five 1-bed/1-bath units, and nine spacious studio units, all featuring new flooring, modern kitchens, impact windows/doors, and stylish bathrooms. With central air, assigned parking, and individual electric meters, it ensures low expenses and maximum tenant convenience.

Currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with DH-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.

Property Documents

Copy of FLYERS NEW- OCT 7 (dragged) 6
  • Address 2206, Adams Street, Hollywood, Broward County, Florida, 33020, United States
  • City Hollywood
  • State/county Broward County
  • Zip/Postal Code 33020

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Elior Levi
  • Elior Levi