$2,965,000
$3,195,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
8,256 SqFt
SOLD DATE : 01/31/2025
Key Details
Sold Price $2,965,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,256 sqft
Price per Sqft $359
MLS Listing ID A11590560
Sold Date 01/31/25
HOA Y/N No
Year Built 1965
Annual Tax Amount $31,896
Tax Year 2023
Contingent Other
Lot Size 0.471 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State FL
County Broward
Area 3050
Interior
Heating Central, Electric
Cooling Central Air
Window Features Impact Glass
Exterior
Roof Type Other,Shingle
Total Parking Spaces 15
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Other
Others
Tax ID 514216011470
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash
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5555 Biscayne Blvd # 302, Miami, Florida, 33137, United States