2432 Taylor St Active Save Request In-Person Tour Request Virtual Tour
Hollywood,FL 33020
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,005 sqft
Price per Sqft $459
MLS Listing ID A11748655
Year Built 1955
Annual Tax Amount $25,374
Lot Size 0.518 Acres
Property Sub-Type Multi Family
Property Description
Fausto Commercial is proud to present 2432 Taylor St, a well-positioned multi-family asset just minutes from Young Circle, Hollywood Beach, restaurants and I-95. This 10-unit property consists of five buildings, featuring (1) 2-bedroom unit and (9) 1-bedroom units, all fully occupied with assigned parking and a spacious central garden/seating area. With current rents 25% below market, there's significant upside potential—bringing rents to market rates would push NOI above $166K, achieving a 7%+ cap rate. Sitting on a massive 22,500 SF lot, the property also offers prime redevelopment potential, comfortably accommodating up to 37 units in one of Hollywood's fastest-growing areas.
Location
State FL
County Broward
Area 3050
Interior
Heating Central,Window Unit,Wall Furnace
Cooling Central Air,Wall/Window Unit(s)
Flooring Tile,Vinyl
Exterior
Roof Type Built-Up
Building
Sewer Septic Tank
Water Public
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11748655