For Sale
$595,000

2516 Cleveland St Hollywood, FL 33020

Prime Hollywood location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a rare chance to acquire a three-unit multifamily property in the desirable Hollywood, Florida area. The property, built in 1929, comprises two separate buildings, offering distinct advantages for investors. The main building features a spacious three-bedroom, two-bathroom unit (Unit A) equipped with central air conditioning. Adjacent to the main building is a one-bedroom, one-bathroom unit (Unit B) complete with attached storage and laundry facilities. A separate, detached building in the rear (Unit C) offers another one-bedroom, one-bathroom unit, boasting a large additional laundry/storage room and a private garden, accessed via an alley. Units B and C are equipped with window air conditioning units. The property benefits from two separate parking areas and convenient access from split streets. Its prime location in Hollywood, just five minutes from Oakwood Plaza, ensures strong rental demand and high occupancy rates. The property offers a significant return on investment and positive cash flow, making it an ideal addition to any portfolio. All information is believed to be accurate but is not guaranteed

Property Details for 2516 Cleveland St

Property type
Apartment buildings, Small apartment buildings
Year Built
1929
Stories
1
Units
3

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.0229763
Longitude
-80.1579891

FAQs

What type of property is this?
Apartment building - Prime Hollywood location, high ROI potential.
Where is the apartment building located?
The property is located at 2516 Cleveland St Hollywood, FL.
What is the asking price?
The asking price for this property is $595,000.
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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2516 Cleveland St
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