2432 Taylor St, Hollywood FL 33020
Basics
- Price per sqft: $265.19
- Category: Residential Income
- Type: Quadruplex
- Status: Active
- Floors: 1
- Area: 8673 sq ft
- Lot size: 0 sq ft
- Year built: 1955
- Year remodeled: Resale
- MLS ID: A11748635
Description
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Description:
We are 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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Location
- Neighborhoods: HOLLYWOOD LITTLE RANCHES