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Arthur Street Apartments 2325-2331 Arthur St 14 Unit Apartment Building $2,935,000 ($209,643/Unit) 5.59% Cap Rate Hollywood, FL 33020
Investment Highlights
- Rare Opportunity To Acquire Well-Maintained, Turnkey Multifamily Asset In The North Central Hollywood Neighborhood Of Hollywood
- Extremely Well-Maintained By Professional Operator With Minimal To No Capital Expenditures Needed In Short-Term
- Prime Hollywood Location Near Retailers, Schools, Restaurants, Healthcare, Public Transit, Offices, Etc.
- Asset Consist Of One 2-Story Building With Courtyard/Community Space In The Middle Sitting On 0.31 Acres Total
- All Electrical And Plumbing Has Been Updated - Every Unit Has Been Renovated And Features Large Open Layouts With New Flooring
- Community Amenities Include Common Laundry Facility, Outdoor Community Space, And Ample Parking For Tenants & Guests
Executive Summary
Positioned at 2325-2331 Arthur Street, this 14-unit multifamily asset presents a compelling investment opportunity within the highly desirable Hollywood submarket. Constructed in 1979, the property encompasses approximately 8,292 square feet, offering an efficient layout tailored to maximize rental income and long-term operational performance.
Zoned DH-1 (Dixie Highway Low Intensity Multi-Family District), the property benefits from favorable zoning that supports continued multifamily use while preserving long-term flexibility and value. The existing improvements reflect a well-established asset class known for consistent tenant demand, and the unit mix is ideally suited for workforce housing—an increasingly resilient segment of the rental market. The building's vintage also provides an opportunity for strategic interior and exterior upgrades, allowing investors to unlock additional value through thoughtful renovations and rental repositioning.
With its solid construction, desirable unit count, and value-add potential, this offering is well-positioned for both yield-focused and growth-oriented investors. The manageable 14-unit size allows for operational efficiency without sacrificing income scale, while the property's fundamentals provide a strong foundation for long-term appreciation and cash flow stability. This is a rare opportunity to acquire a well-located, income-generating asset with clear upside in a proven multifamily format.
Zoned DH-1 (Dixie Highway Low Intensity Multi-Family District), the property benefits from favorable zoning that supports continued multifamily use while preserving long-term flexibility and value. The existing improvements reflect a well-established asset class known for consistent tenant demand, and the unit mix is ideally suited for workforce housing—an increasingly resilient segment of the rental market. The building's vintage also provides an opportunity for strategic interior and exterior upgrades, allowing investors to unlock additional value through thoughtful renovations and rental repositioning.
With its solid construction, desirable unit count, and value-add potential, this offering is well-positioned for both yield-focused and growth-oriented investors. The manageable 14-unit size allows for operational efficiency without sacrificing income scale, while the property's fundamentals provide a strong foundation for long-term appreciation and cash flow stability. This is a rare opportunity to acquire a well-located, income-generating asset with clear upside in a proven multifamily format.
Property Facts
| Price | $2,935,000 | Apartment Style | Low-Rise |
| Price Per Unit | $209,643 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.59% | Building Size | 8,384 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.39/1,000 SF |
| Zoning | RM-9, Hollywood - Low Density Multiple Family | ||
| Price | $2,935,000 |
| Price Per Unit | $209,643 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,384 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.39/1,000 SF |
| Zoning | RM-9, Hollywood - Low Density Multiple Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 525 - 557 |
| 2+1 | 4 | - | 750 - 850 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-09-05-4070 | Improvements Assessment | $1,948,810 |
| Land Assessment | $121,010 | Total Assessment | $2,069,820 |
Property Taxes
Parcel Number
51-42-09-05-4070
Land Assessment
$121,010
Improvements Assessment
$1,948,810
Total Assessment
$2,069,820
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Arthur Street Apartments | 2325-2331 Arthur St
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