1. Florida
2. Hollywood
3. 2419-2421 Johnson St

2419-2421 Johnson St, Hollywood, FL 33020

• 2,287 sqft

Property Description

HUGE PRICE REDUCTION!!! RECENTLY UPDATED INVESTOR SPECIAL!!! SELLING FOR LESS THAN RECENT APPRAISAL! GREAT INCOME PRODUCING PROPERTY LOCATED IN THE HEART OF HOLLYWOOD, FL. THE PROPERTY HAS 2 UNITS: (1) 3/2 RENOVATED AND RENTED BELOW MARKET PRICE AT $2250/MONTH; (2) 2/2 RENTED AT $2250/MONTH. LARGE LOT FOR POTENTIAL REDEVELOPMENT IN THE FUTURE. CURRENT ZONING IS RM-9. WELL MAINTAINED. TENANTS PAY THEIR OWN UTILITY BILLS FOR WATER/SEWER/GARBAGE AND ELECTRICITY ON SEPARATE METERS. RAISE RENTS TO MARKET PRICES AND EASILY ACHIEVE 9%+ CAP RATE WITH MINIMAL INVOLVEMENT OR EFFORT. GREAT FOR OUT-OF-TOWN INVESTORS. LONG TERM TENANTS (ALL ANNUAL LEASES RECENTLY SIGNED) WILLING TO STAY WITH RENTAL INCREASES of 5% PER YEAR. DON'T MISS THIS OPPORTUNITY! EASY TO MANAGE AND CERTAIN TO GO UP IN VALUE!!!

Listing Status:

Active

Date Added:

May 22, 2024 at 05:00AM

Listing Office:

Landau Realty Group : 305-490-1200

Listing Agent:

Steven Landau : 305-490-1200

MLS ID:

A11592770

Interior

• Flooring: Ceramic FloorTile
• A/C: Wall/Window Unit(s)
• Heating: Window/Wall

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Steven Landau, Landau Realty Group