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Monroe Apartments 2000 Monroe St 15 Unit Apartment Building $4,200,000 ($280,000/Unit) 5.06% Cap Rate Hollywood, FL 33020
Investment Highlights
- 15 Total Units with Diversified Income – 13-unit apartment building plus two detached 2BD/1BA single-family homes providing multiple income streams.
- Extensively Improved Asset – Recent upgrades include brand-new impact windows, updated A/C systems, and renovated interiors in many units.
- Strong Rental Demand Location – Positioned just off US-1 and one minute from Young Circle, in the center of Hollywood’s most active rental corridor.
- Large 25,000 SF Development Site – Current zoning allows potential redevelopment of approximately 52 residential units, offering significant long-term
- Value-Add & Future Flexibility – Detached homes allow options for separate resale, repositioning, redevelopment, or additional rental income.
- Central Hollywood Location – 1 minute to Young Circle, 3 minutes to Downtown Hollywood, 10 minutes to the beach, and 12 minutes to airport.
Executive Summary
Prime multifamily investment opportunity at 2000 Monroe St, Hollywood, FL. The property consists of a 13-unit apartment building plus two adjacent single-family homes (each 2BD/1BA), creating a rare mixed residential asset with strong and diversified income. Situated on a large 25,000 SF lot with a pool, the property has seen numerous improvements including brand-new impact windows, updated A/C systems, and interior updates throughout many of the units, resulting in a well-maintained asset with minimal deferred maintenance. The two detached houses provide additional flexibility and future upside, including the potential for separate resale, repositioning, or redevelopment. Current zoning allows for the development of approximately 52 residential units on the site, offering significant long-term redevelopment potential. Prime location just off US-1 and only a 1-minute drive from Young Circle, placing the property in the heart of Hollywood and just minutes from Downtown Hollywood, major highways, Fort Lauderdale–Hollywood International Airport, and the beaches, supporting strong and consistent rental demand.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$326,700
|
$112.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$326,700
|
$112.35
|
| Taxes |
$57,206
|
$19.67
|
| Operating Expenses |
$57,177
|
$19.66
|
| Total Expenses |
$114,383
|
$39.33
|
| Net Operating Income |
$212,317
|
$73.01
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $326,700 |
| Annual Per SF | $112.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $326,700 |
| Annual Per SF | $112.35 |
| Taxes | |
|---|---|
| Annual | $57,206 |
| Annual Per SF | $19.67 |
| Operating Expenses | |
|---|---|
| Annual | $57,177 |
| Annual Per SF | $19.66 |
| Total Expenses | |
|---|---|
| Annual | $114,383 |
| Annual Per SF | $39.33 |
| Net Operating Income | |
|---|---|
| Annual | $212,317 |
| Annual Per SF | $73.01 |
Property Facts
| Price | $4,200,000 | Building Class | C |
| Price Per Unit | $280,000 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 8,823 SF |
| Cap Rate | 5.06% | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RMCRA-18, County | ||
| Price | $4,200,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 8,823 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1936 |
| Opportunity Zone |
Yes |
| Zoning | RMCRA-18, County |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,700 | - |
| 1+1 | 10 | $1,900 | - |
| 2+1 | 4 | $2,200 | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 51-42-15-01-0670 | Total Assessment | $2,580,050 (2026) |
| Land Assessment | $219,290 (2026) | Annual Taxes | $57,206 ($6.48/SF) |
| Improvements Assessment | $2,360,760 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-42-15-01-0670
Land Assessment
$219,290 (2026)
Improvements Assessment
$2,360,760 (2026)
Total Assessment
$2,580,050 (2026)
Annual Taxes
$57,206 ($6.48/SF)
Tax Year
2025
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Monroe Apartments | 2000 Monroe St
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