For Sale
$1,575,000

332 Georgia St Hollywood, FL 33019

Beachfront 4-unit building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a four-unit multifamily property ideally situated just one block from the pristine sands of Hollywood Beach and steps away from the vibrant Hollywood boardwalk. The building, constructed in 1954 and boasting two stories, encompasses a total of 1,778 square feet. The property comprises two one-bedroom, one-bathroom units and two studio units, all fully furnished and currently generating substantial income as short-term rentals via Airbnb and Booking.com. The property enjoys a remarkable 90% occupancy rate throughout the year. Recent upgrades include a new electrical system, four separate electric meters, impact windows, and a seven-year-old roof. The exterior has been recently painted, showcasing the meticulous upkeep of this well-maintained property. The asking price is $1,575,000. Seller financing is available with up to 60% loan-to-value at a highly competitive interest rate. Please note that proof of funds and an escrow letter demonstrating a deposit are required before scheduling a showing. The provided cap rate is based on long-term rental projections. Do not disturb tenants.

Highlights

  • $1,575,000 asking price for this multifamily investment property.
  • Four-plex apartment building located one block from Hollywood Beach.
  • 1,778 square feet, two-story building constructed in 1954.
  • Features updated interiors, impact windows, a seven-year-old roof, and new electrical systems with four separate meters.
  • Currently operating as a successful short-term rental with high occupancy rates.
  • Seller financing available with up to 60% LTV at a competitive interest rate.

Property Details for 332 Georgia St

Property type
Apartment buildings, Small apartment buildings
Square Feet
1,778 SF
Year Built
1954
Stories
2

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.0070181
Longitude
-80.1171446

FAQs

What type of property is this?
Apartment building - Beachfront 4-unit building, high occupancy.
Where is the apartment building located?
The property is located at 332 Georgia St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: $1,575,000 asking price for this multifamily investment property.; Four-plex apartment building located one block from Hollywood Beach.; 1,778 square feet, two-story building constructed in 1954.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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332 Georgia St
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