Jackson Street Apartments
Closed2019 Jackson Street , Hollywood , FL 33020
Property type
Multifamily
Unit / Space count
24
Price
$3,600,000
Building size
17,911 sf
Rentable area
17,911 SF
Year built
1969
Year renovated
1998
Occupancy
100%
Stories
3
APN
5142 15 01 1060
Zoning code
RMCRA
Lot size
0.37 Acres
Unit mix
24x
-br
Bedroom count
Price per Unit
$150,000
Price per SF
$200.99
Property description
Jackson Street Apartments is a 24-unit, multifamily property located in the heart of Hollywood, Florida, which is in Broward County. The property was built in 1969 of reinforced concrete, mansard flat roof and sits on a .37-acre lot. The investment opportunity is located at 2019 Jackson St. between South 20th Ave. and South 21st Ave., just south of Hollywood Blvd., east of Dixie Hwy., and blocks from Young Circle. The neighborhood consists primarily of single family homes, condominiums and multifamily buildings of similar age and construction as the subject property. The investment consists of one three story building with a unit mix of (23) one-bedroom & one-bathroom and (1) two-bedroom & one-bathroom apartments totaling approximately 15,700 RSF. All units offer central air-conditioning and balconies in select units. Renovated units include new kitchen cabinets, stainless-steel appliances, new bathroom vanities, low flow toilets, tubs, new fixtures and new tile work. On site amenities include an elevator, laundry facility and ample parking for tenants and their guests. Water, sewer and trash are included in the rent. Residents pay for all other utilities. Jackson Street Apartments offers an investor the opportunity to purchase a well-located, re-positioned, stabilized, turnkey asset where the current owner has made significant capital improvements in one of the most desirable rental sub-markets of Hollywood near Young Circle and Downtown Hollywood. In addition, the offering has attractive in-place income with upside in rents and the potential for future redevelopment as the property is in the Hollywood CRA.
Property highlights
- Stable, Turnkey Asset, 100% Occupied, with Strong In-Place Income
- Renovated Units Include: New Kitchen Cabinets, Granite Counters, Stainless-Steel Appliances & New Tile Work Throughout
- Bathroom Renovations include: New Vanities, Low Flow Toilets & Bath Tubs
- Proximity to Revitalized Downtown Hollywood, City Hall, Young Circle, Major Employers, Amazing Local Eateries & World-Famous Hollywood Beach Boardwalk
- Ease of access to I-95, the Florida Turnpike, Hollywood Blvd., Dixie Hwy., & US-1
- Nearby $1.65 Billion Planned Real Estate Development for the City of Hollywood & Multiple CRA Districts within the City Core