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Commercial Real Estate

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Description

  • Description:

    We are pleased to present 1957 Monroe St in Hollywood, an outstanding 8-unit apartment building offering a compelling investment opportunity just a minute away from Young Circle. Featuring 8 spacious units, with 6 units featuring 1 bed/1 bath and 2 units offering 2 beds/1 bath, the property currently enjoys full occupancy. The potential for an impressive $182,000 annual income awaits by adjusting rents to market rates. The property has separate electric meters, impact windows, individual central AC units, and a rare perk—each unit is equipped with its own washer/dryer, ensuring convenience and attracting quality tenants. The building is 1990s construction makes maintenance a breeze, and the 40-year certification is not required anytime soon. Parking is hassle-free with 12 assigned spaces.

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Property details

  • Total Building Area: 5054
  • Number of Buildings: 1
  • Lot Size Square Feet: 11472
  • Parcel Number: 514215015430
  • Possession: Closing & Funding
  • Road Frontage Type: City Street
  • Lot Size Area: 11472
  • Structure Type: Apartment

Property Features

  • Window Features: Impact Glass
  • Parking Features: Assigned
  • Construction Materials: Block,Other
  • Cooling: Central Air
  • Cooling Y/N: 1
  • Covered Spaces: 0
  • Flooring: Tile,Vinyl
  • Heating: Central
  • Heating Y/N: 1
  • Parking Total: 12
  • Sewer: Public Sewer
  • Roof: Barrel,Other,Tile
  • Stories: 2

Location Details

  • County Or Parish: Broward County
  • Zoning Description: PS-3

Fees & Taxes

  • Tax Annual Amount: 17062
  • Tax Year: 2023
  • Tax Legal Description: HOLLYWOOD 1-21 B LOT 1,2 & LOT 3 W 1 OF N 24 FT 1 IN BLK 28

Miscellaneous

  • Public Survey Section: 15
  • Syndication Remarks: Please visit Fausto Commercial
  • Tenant Pays: Electricity
  • Year Built Details: Resale

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This -type commercial real estate is located in Monroe St, Hollywood, was built in 1992, and is listed at $2,500,000.

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