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2206 Adams St Hollywood, FL 33020
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Key Details
Sold Price $2,965,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 8,256 sqft
Price per Sqft $359
Subdivision Hollywood Little Ranches
MLS Listing ID A11590588
Sold Date 01/31/25
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1965
Annual Tax Amount $31,896
Tax Year 2023
Contingent No Contingencies
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
Community Hollywood Little Ranches
Area 3050
Interior
Heating Central
Cooling Central Air
Flooring Other, Vinyl
Window Features Impact Glass
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 15
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 514216011470
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash
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Bought with Keller Williams Realty Profess