Closed

Hollywood Little Ranches, 2206 Adams St, Hollywood, FL 33020

3,195,000(-7.2% )
$2,965,000Price
8,256SqFt

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Details

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Status:
Sold - Jan 31, 2025
Size: 8,256 SqFt (767 m2)
Price: $359/SqFt ($3,866/m2)
Type: Multi Family
Built: 1965
MLS Number: A11590588
On Site: 437 Days
Updated: 182 Days ago
Page Views: 0
We are pleased to present 2206 adams st, a turnkey 15-unit multifamily gem located just 2 minutes from young circle and downtown hollywood. This fully renovated property includes one 3-bed/2-bath unit, five 1-bed/1-bath units, and nine spacious studio units, all featuring new flooring, modern kitchens, impact windows/doors, and stylish bathrooms. With central air, assigned parking, and individual electric meters, it ensures low expenses and maximum tenant convenience. currently fully occupied, the property generates nearly $300,000 annually, with potential for increased returns by adjusting rents to market rates. Situated on a 20,500 sqft lot with dh-2 zoning, the property allows for up to 35 units, offering immediate returns and significant future potential.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Other,Vinyl
        • Windows/Treatment: ImpactGlass
        • Year Built: 1965
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-05-21T20:40:29.000-00:00
          Taxes, Fees & More
          • Taxes: 31896

          Price History

          01/31/2025

          Date

          Sold

          Event

          $3M

          Price

          -7.2%

          Change Rate

          $359 ft2 / $3,866 m2

          Price Per

          05/19/2024

          Date

          Listed

          Event

          $3.2M

          Price

          $387 ft2 / $4,166 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Elior LeviFausto Commercial Realty Consultants Inc • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $200/ft²
          $400/ft²
          $700/ft²

          Unit 2206 Adams St – Asking

          $359/ft²

          (0%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $360/ft²
          Community $/Price Range (Closed) $194/ft² – $547/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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