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1859 Lincoln St
Hollywood, FL 33020
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Fully Renovated Asset: Turnkey 4-unit property with new roof, central A/C, impact windows, PVC plumbing, and updated interiors.
- Strong Rental Income: Generating approximately $9,450 in monthly rental income.
- Low-Maintenance Ownership: Separate electric meters and recent capital improvements help minimize operating costs.
- Oversized Unit Mix: Four spacious 2-bedroom/2-bath units with strong tenant appeal.
- Value-Add Potential: Opportunity to convert units to 3-bedroom/2-bath layouts and increase rental income.
- Prime Hollywood Location: Conveniently located near Downtown Hollywood, the beach, major roadways, dining, and employment centers.
Executive Summary
1859 Lincoln Street presents an opportunity to acquire a fully renovated and turnkey 4-unit multifamily property in Hollywood, Florida, consisting of four large 2-bedroom/2-bath units and approximately 3,869 SF of building area. The property currently generates $9,450 in monthly rental income, with each unit separately metered for electricity and a single water meter serving the property. Recent improvements include a brand-new roof, central A/C, impact windows and doors, PVC plumbing, new kitchen cabinets, and renovated bathrooms, providing a low-maintenance asset with limited near-term capital needs. The oversized units also offer a compelling value-add opportunity with the potential to convert the existing layouts to 3-bedroom/2-bath units and further increase rental income. Conveniently located near Downtown Hollywood, the beach, major roadways, shopping, dining, and employment centers.
Property Facts
| Price Per Unit | $362,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.59% | Building Size | 3,869 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | ||
| Zoning | RMCRA-18 - Residential | ||
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,869 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | RMCRA-18 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $2,600 | - |
Property Taxes
| Parcel Number | 51-42-15-02-0011 | Improvements Assessment | $1,079,540 |
| Land Assessment | $46,800 | Total Assessment | $1,126,340 |
Property Taxes
Parcel Number
51-42-15-02-0011
Land Assessment
$46,800
Improvements Assessment
$1,079,540
Total Assessment
$1,126,340
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