2414 Johnson Street is a 17 unit multifamily property located in East Hollywood which is minutes east of I-95, 4 blocks west of US-1 and 1 block west of Dixie Highway. The property’s 17 units are comprised of three (3) 2 bedroom 1 bathroom units, six (6) 1 bedroom 1 bathroom units and eight (8) studio units all of which offer tenants and efficient use of space in a prime Hollywood location. A new roof was installed at this property within the past two years. Additionally, ten out of seventeen units have been renovated at this property with updated kitchens, bathroom and flooring.
The area has grown tremendously in the past few years with the inception in nearby Hollywood Beach of Margaritaville, Costa Hollywood Beach Resort, Circ Residences as well as other developments. Circ Residences is a newly built high-rise tower comprised of luxury rental units and hotel rooms across the street from ArtsPark at Young Circle in Downtown Hollywood. Additionally, a few minutes to the north is the proposed $800 million-dollar Dania Pointe project by Kimco boasting 800,000 SF of retail, shopping and restaurants. The units are also centrally located to US 1, A1A, and I-95. The new owner will benefit from an improved property with stable in place cash flow, in an area that is seeing tremendous growth and development.
PORTFOLIO OPPORTUNITY: This property may be purchased individually; however, it is part of a 90 unit portfolio, which can be purchased together as well. (See Offering Memorandum for details)
