2302 Taylor St | Hollywood, FL 33020
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2302 Taylor St
Hollywood, FL 33020
Taylor St Apartments · Multifamily Property For Sale · 6 Units
Investment Highlights
- Unit Mix: Two (7) Units are 2 Bedrooms, Three (3) units are 1 Bedrooms and a Spacious Studio Unit
- Potential Gross Income of $132,000 Annually at Market Rates when Fully Occupied
- 2 Minutes Away from Young Circle, Shopping, Restaurants, Bars and Beaches
- Fully Renovated, New Windows, Plumbing, Flooring, Kitchens, Appliances, Bathrooms, Landscaping and many more upgrades.
- DH-2 Zoning Allowing for Redevelopment of 24 Units
Executive Summary
Introducing 2302 Taylor St, a fully renovated 6-unit multifamily property just 2 minutes from downtown Hollywood’s vibrant Young Circle. This exceptional investment features two buildings with a versatile mix of units: a 2-bed/2-bath, a 2-bed/1-bath, three 1-bed/1-bath units, and a spacious studio unit. Each unit boasts modern upgrades with new appliances and included furniture, offering a turnkey opportunity. The property includes a coin laundry room for additional income and sits on a spacious 10,000 sqft lot zoned for redevelopment, allowing up to 24 units. With proximity to restaurants, shopping, and the beach, it’s a highly desirable location. At full occupancy, it can generate approximately $132K annually at market rents, making it an attractive addition to any portfolio.
PROPERTY FACTS
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.80% | Building Size | 3,200 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,200 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 2.5/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 3 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 51-42-16-01-3640 | Improvements Assessment | $594,530 |
| Land Assessment | $92,320 | Total Assessment | $686,850 |
PROPERTY TAXES
Parcel Number
51-42-16-01-3640
Land Assessment
$92,320
Improvements Assessment
$594,530
Total Assessment
$686,850
zoning
| Zoning Code | DH-2 (Can build up to 24 units.) |
| DH-2 (Can build up to 24 units.) |
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