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2775 Taft St
Hollywood, FL 33020 North Central Hollywood

$5,265,000 USD

Apartments For Sale  •  28,918 SF

Property Details

  • Property Type Apartments
  • Total Building Size 28,918 SF
  • Lot Size 0.76 AC
  • Building Class C
  • Year Built 1969
  • Cap Rate 6.29 %
30 Transit Score
60 Walk Score

Highlights

Rare Condo Portfolio Opportunity: Acquire 27 of 36 condominium units with the potential to acquire remaining units over time.
Strong Day-One Returns: Fully occupied asset operating at approximately a 6.3% going-in cap rate.
Major Capital Improvements Completed: New roof completed in 2025, new elevator installed in 2024, and passed 50-year recertification in 2026.
Waterfront Amenities: Features oversized units, elevator access, waterfront pool area, and ample on-site parking.
Long-Term Upside Potential: Opportunity for future dock additions and continued value growth in a prime Hollywood Hills location.

Financial Summary (Actual)

Net Operating Income: $330,941 USD (2025)
Cap Rate: 6.29 %
Total Expenses: $242,119 USD

Amenities

  • Air Conditioning
  • Pool
  • Waterfront
  • Sundeck

Public Transportation

Commuter RailDriveWalkDistance
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 2 min 20 min 0.8 mi
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 5 min - 1.9 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 10 min - 4.8 mi
Miami International 42 min - 25.0 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