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Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,054 sqft
Price per Sqft $425
MLS Listing ID A11524393
Sold Date 05/30/24
Construction Status Resale
HOA Y/N No
Year Built 1992
Annual Tax Amount $17,062
Tax Year 2023
Contingent Pending Inspections
Lot Size 0.263 Acres
Property 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.
Location
State FL
County Broward County
Area 3040
Interior
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Window Features Impact Glass
Exterior
Roof Type Barrel,Other,Tile
Total Parking Spaces 12
Building
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block,Other
Construction Status Resale
Others
Tax ID 514215015430
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Financing Cash
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Bought with Landrich Real Estate, Inc.