2432 Taylor St, Hollywood FL, 33020

Active

2432 Taylor St

Hollywood FL, 33020

$2,300,000

$459.54 per sqft

Active

5,005 sqft

Commercial

Built in 1955

Fausto Commercial is proud to present 2432 Taylor St, a well-positioned multi-family asset just minutes from Young Circle, Hollywood Beach, restaurants and I-95. This 10-unit property consists of five buildings, featuring (1) 2-bedroom unit and (9) 1-bedroom units, all fully occupied with assigned parking and a spacious central garden/seating area. With current rents 25% below market, there's significant upside potential--bringing rents to market rates would push NOI above $166K, achieving a 7%+ cap rate. Sitting on a massive 22,500 SF lot, the property also offers prime redevelopment potential, comfortably accommodating up to 37 units in one of Hollywood's fastest-growing areas.

A11748655

MLSⓇ ID

February 19, 2025

Listed

February 20, 2025

Updated

Interior Features

Floor Description: Tile, Vinyl
Fireplace: No
Cooling: Yes
Cooling Description: Central Building A/C, Wall/Window Unit(s)
Heating: Yes
Heating Description: Central Building A/C, Wall/Window Units

Exterior/Building Features

Lot Size: 0.52 Acres
Roof: Built-Up
Sewer: Septic Tank
Window: Clear Impact Glass

Other Property Details

Taxes: $25,374
Tax Frequency: Annually
Days on Market: 1
Garage: No
Parking: Assigned
Parking Total: 12
View: No
County: Broward County
Water Source: Public
Pool: No
Zoning: MC-1

Listed by: Fausto Commercial Realty Consultants Inc
Listing Contact: 954-743-7594

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 6:46 AM UTC, 2/20/2025.