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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.

Features
12
Address Map
FL
Broward County
Hollywood
33020
1957 Monroe St
W81° 51' 12''
N26° 0' 28.8''
MLS Addon
All Cash, Conventional/refinance, Owner Will Carry
1
City Street
Sale
2
$17,062
2023
Click Here
PS-3
0
31/01/2024 05:07:56

1957 Monroe St, Hollywood, Florida 33020

$2,500,000
11,472 size sq.ft.
Listing ID #A11524393
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11524393
Price $2,500,000
Year Built 1992
Days on Market 7
Building Area 5,054
Status Active
Property SubType Income/multifamily
Lot Area 11,472 Sqft
List Date 2024-01-31
On Market Date 31/01/2024
Elena Beck
MiamiInvestrealty
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