Thomas Apartments
Closed1821 Thomas St, Hollywood, FL 33020
Property type
Multifamily
Unit / Space count
13
Price
$1,825,000
Building size
5,287 sf
Rentable area
5,287 SF
Year built
1957
Year renovated
Occupancy
Zoning code
Lot size
0.25 Acres
Sold/status
Sold · Date unknown
Sale price
$1825000
Bedroom count
Property description
Thomas Apartments is a 13-unit two-floor multifamily community located in the heart of Hollywood, Florida, which is in Broward County. The subject property was built in 1957 using reinforced concrete block construction with a painted stucco exterior and is situated on 0.25 acres of land. The property is located on the west side of N Federal Hwy and is just a couple of blocks from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located east of I-95, south of Sheridan St, and north of Taft St. Sheridan St leads into the renowned Hollywood beaches just to the east of the property. Within minutes of driving, you can access the shops and restaurants of Hollywood. Additionally, Thomas Apartments is located in one of the fastest-growing markets in Broward County due to it being a favorite spot for local natives. The investment opportunity consists of a unit mix of (12) studios & (1) one-bed & one-bathroom totaling approximately 5,287 RSF. The property boasts amenities such as ample parking, pool, and is situated in an area that continuing to grow. Thomas Apartments offers an investor the opportunity to purchase an unbelievably located asset in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing rents day one with the ability to own a low management intensive asset in a location that simply cannot be beat!
Property highlights
- Sold For $1,825,000 All Cash Closing In 7 Days
- Asset Closed At $140,385 a Unit & $345.19 a SF
- Property Closed Being 100% Vacant
- Franklin Street Real Estate Exclusively Represented Buyer and Seller