5 Unit Apartment Building on Johnson St | 5719 Johnson St
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5 Unit Apartment Building on Johnson St 5719 Johnson St
5 Unit Block of Flats £821,573 (£164,315/Unit) 7.04% Net Initial Yield Hollywood, FL 33021
Investment Highlights
- One Unit is 2 Bed/1 Bath and Four Units are 1 Bed/1 Bath
- Located in the Heart of Hollywood on the Main Corridor of Johnson St right off of State Rd 7 (441)
- Large Lot with Plenty of Parking Spaces (10 Spaces)
- Tons of Upside when raising rents to market rate, Potential of over $100k in Gross Annual Income
- Can be Sold Together with the Office Building Next Door
Executive Summary
We are pleased to present 5719 Johnson St, a turnkey 5-unit multifamily gem located just off 441 in the heart of Hollywood, close to I-95 and the Hardrock. This property features one 2-bed/1-bath unit and four 1-bed/1-bath units. With 10 parking spaces and individual electric meters, it ensures low expenses and tenant convenience. Currently fully occupied with under-market rents, the property has the potential for over $100k in gross annual rental income when adjusted to market rates. The beautiful garden area and additional outdoor lounging space on the large 15k sqft lot enhance the property's appeal. This property can also be purchased with the office building next door at 5715 Johnson St, offering a unique investment opportunity.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £821,573 | Apartment Style | Low Rise |
| Price Per Unit | £164,315 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Net Initial Yield | 7.04% | Building Size | 2,147 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 1957 |
| Price | £821,573 |
| Price Per Unit | £164,315 |
| Sale Type | Investment |
| Net Initial Yield | 7.04% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 2,147 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1957 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 1 | £1,565 | - |
| 1+1 | 4 | £1,252 | - |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 51-41-12-04-0841 | Total Assessment | £302,041 |
| Land Assessment | £67,361 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £234,680 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
51-41-12-04-0841
Land Assessment
£67,361
Improvements Assessment
£234,680
Total Assessment
£302,041
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | C-3 |
| C-3 |
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5 Unit Apartment Building on Johnson St | 5719 Johnson St
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