323 Monroe StHollywood, FL 33019

Property Details for 323 Monroe St

Year built

1957

Lot size

0.15 AC

Property type

Multifamily properties

Description

This exceptional six-unit multi-family property, located at 323 Monroe Street in Hollywood, Florida, presents a lucrative investment opportunity. Situated on a 0.15-acre lot, this well-maintained two-story building enjoys a prime beachfront location, just steps from the Hollywood Beach boardwalk. The property comprises four spacious one-bedroom, one-bathroom units and two efficient studio units, all equipped with impact windows and individual split AC units. Each unit benefits from its own electric meter, simplifying utility management. Currently operating as a successful short-term rental business, this turnkey operation offers immediate income potential. The property also includes a convenient laundry room and additional storage space for tenant and owner use. The building's excellent condition and desirable location, combined with the strong existing rental income, make this a highly attractive investment for discerning buyers seeking a profitable and low-maintenance coastal property. The property's proximity to the beach provides unparalleled access to South Florida's renowned beaches and vibrant oceanfront lifestyle. This is a rare opportunity to acquire a thriving, established business with significant upside potential in a highly sought-after location. The property is priced at $3,750,000.

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0085

Longitude

-80.1167

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