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4 Fully Remodeled Units Near The Beach! 2432 Sherman St 4 Unit Apartment Building $989,000 ($247,250/Unit) Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Fully Remodeled 2022
- Two 2 Bed 1 Bath + 2 Studios
- Newer Roof
- Located Near Hollywood Beach
- Hurricane Impact Windows & Doors
EXECUTIVE SUMMARY
Don't Miss Out On This Amazing Fully Remodeled Hollywood 4Plex Near The Beach! Units Consist Of Two 2 Bedroom 1 Baths & Two Studios. Remodel Was Completed In 2022 Which Includes All Electric Panels, Roof, Hurricane Impact Windows, Insulation, Waterproof Vinyl Flooring, 2 Central A/C Units For The Two 2 Bedrooms 1 Bath Units & Spit Mini A/C's For the 2 Studio Apartments. All Kitchens Have Beautiful Wood Cabinets With Stainless Steel Appliance & Quartz Countertops. Building Has Washer/Dryer Hookups. Ideal For Adding Coin Operated Machines For Additional Income! Property Is Perfect For Owner Occupant, Investor Or Air BnB. Projected Annual Gross Income Is $88,800. Annual Expenses is $28,307. Expenses Include Taxes $16,327 Landscaping $600 Insurance $5,500 Water $1080 Electric $4,800.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$88,800
|
$44.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$88,800
|
$44.05
|
| Taxes |
$16,327
|
$8.10
|
| Operating Expenses |
$11,980
|
$5.94
|
| Total Expenses |
$28,307
|
$14.04
|
| Net Operating Income |
$60,493
|
$30.01
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $88,800 |
| Annual Per SF | $44.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $88,800 |
| Annual Per SF | $44.05 |
| Taxes | |
|---|---|
| Annual | $16,327 |
| Annual Per SF | $8.10 |
| Operating Expenses | |
|---|---|
| Annual | $11,980 |
| Annual Per SF | $5.94 |
| Total Expenses | |
|---|---|
| Annual | $28,307 |
| Annual Per SF | $14.04 |
| Net Operating Income | |
|---|---|
| Annual | $60,493 |
| Annual Per SF | $30.01 |
PROPERTY FACTS
| Price | $989,000 | Building Class | B |
| Price Per Unit | $247,250 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,016 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Low-Rise | ||
| Zoning | RM-9 - MULTIPLE FAMILY DISTRICT | ||
| Price | $989,000 |
| Price Per Unit | $247,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 2,016 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | RM-9 - MULTIPLE FAMILY DISTRICT |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,150 | - |
| Studios | 2 | $1,400 | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 51-42-09-05-6510 | Total Assessment | $787,950 (2025) |
| Land Assessment | $60,600 (2025) | Annual Taxes | $16,327 ($8.10/SF) |
| Improvements Assessment | $727,350 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
51-42-09-05-6510
Land Assessment
$60,600 (2025)
Improvements Assessment
$727,350 (2025)
Total Assessment
$787,950 (2025)
Annual Taxes
$16,327 ($8.10/SF)
Tax Year
2024
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4 Fully Remodeled Units Near The Beach! | 2432 Sherman St
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