Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 22566, 22566 sq ft
- Year built: 1955
- County: Broward
- Lease Term: ThirtySixMonths
- MLS ID: A11748655
Description
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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
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
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in FL, Hollywood was built in 1955, and is listed at $2,300,000.