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206 S 15th Ave
Hollywood, FL 33020 Downtown Hollywood

$1,599,000 USD

Apartments For Sale  •  3,686 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,686 SF
  • Lot Size 0.13 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 6.49 %
  • Zoning Rs-6, Hollywood
44 Transit Score
69 Walk Score

Highlights

Fully Occupied with a $10,400 monthly rent roll with room to increase to market rates!
Prime Location in Hollywood Lakes: Steps from Young Circle, dining, shopping, and minutes to the beach
Unit Mix: Two (2) Units are 2 Bed/1Bath, Three (3)units are 1 Bed/1Bath and 1 Studio Unit + Coin Laundry Room
2 Structures on a Corner Lot in a Prime Location. Brand New Roof 2024!

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $103,740 USD (2025)
Cap Rate: 6.49 %
Total Expenses: $38,460 USD

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 5 min - 2.3 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 8 min - 3.4 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 14 min - 7.4 mi
Miami International 43 min - 25.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants