Commercial Real Estate

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Lot size: 22566, 22566 sq ft
  • Year built: 1955
  • County: Broward
  • Lease Term: ThirtySixMonths
  • MLS ID: A11748655

Description

  • Description:

    HOLLYWOOD LITTLE RANCHES 1-26 B LOT 26,27 LESS E 90 BLK 17 Fausto Commercial is proud to present 2432 Taylor St, a well-positioned multi-family asset just minutes from Young Circle, Hollywood Beach, restaurants and I-95. This 10-unit property consists of five buildings, featuring (1) 2-bedroom unit and (9) 1-bedroom units, all fully occupied with assigned parking and a spacious central garden/seating area. With current rents 25% below market, there's significant upside potential—bringing rents to market rates would push NOI above $166K, achieving a 7%+ cap rate. Sitting on a massive 22,500 SF lot, the property also offers prime redevelopment potential, comfortably accommodating up to 37 units in one of Hollywood’s fastest-growing areas.

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Building Details

  • Structure Type: Apartment
  • Water Source: Public
  • Sewer: SepticTank
  • Construction Materials: Block
  • Covered Spaces: 0
  • Number Of Buildings: 5
  • Floor covering: ,

Amenities & Features

  • Parking Features: Assigned
  • Parking Total: 12
  • Roof: BuiltUp
  • Window Features: ImpactGlass
  • Cooling: CentralAir,WallWindowUnits
  • Heating: Central,WindowUnit,WallFurnace

Expenses, Fees & Taxes

  • Tax Annual Amount: $25,374

Miscellaneous

  • List Office Name: Fausto Commercial Realty Consultants Inc
  • Listing Terms: Cash,Conventional

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This -type commercial real estate is located in FL, Hollywood was built in 1955, and is listed at $2,300,000.

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