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Multifamily

The Madison

329 Madison St, Hollywood, FL 33019

Listing Price: $4,900,000

Cap Rate
6.85%
Number of Units
13
GRM
6.55
Occupancy
80.0%
Price/Unit
$376,923
Price/Gross SF
$738.17
Gross SF
6,638

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present for sale “The Madison”. A newly renovated two-story, 13-unit boutique apartment building located steps away from Hollywood beach, at 329 Madison Street in Hollywood Beach, Florida. Constructed in 1948 and comprised of concrete-block construction, “The Madison” consists of 6,638 square feet and is situated on a .15-acre lot within the BRT-25-R Zoning District. The unit mix consists of twelve (12) one-bedroom / one-bathroom units, and one (1) Studio Unit.
The property has undergone extensive interior and exterior renovations. Including a new concrete roof, new mini split air conditioning units and impact windows throughout the property. Interior renovations include brand new kitchens, walk-in showers, and newly installed electric panels within every unit.

The Madison is located just off major thoroughfare A1A which runs a total of 338 miles along the Atlantic Ocean. Thus providing access to an attractive variety of restaurants, resorts and excursions, such as Margaritaville Hollywood Beach Resort, the Hollywood Beach Broadwalk and Charnow Park. Other major attractions and points of interest include, Seminole Hard Rock Hotel, and the Fort Lauderdale / Hollywood International Airport.

The Madison offers an investor the opportunity to acquire a rare, stabilized turn-key property within the high-demand area of Hollywood Beach.

Investment Highlights

  • Located off A1A, Just A Short Walk Away From Hollywood Beach With Easy Access to the Broadwalk
  • New Concrete Roof, Mini Split Air Conditioning Units, Renovated Kitchens and Bathrooms, and Newly Installed Electric Panels Within Every Unit
  • Rare Turn-Key Asset Located Just Steps From Hollywood Beach

Exclusively Listed By

Financing By

Multifamily

The Madison

Listing Price: $4,900,000

Cap Rate
6.85%
Number of Units
13
GRM
6.55
Occupancy
80.0%
Price/Unit
$376,923
Price/Gross SF
$738.17
Gross SF
6,638

Investment Highlights

  • Located off A1A, Just A Short Walk Away From Hollywood Beach With Easy Access to the Broadwalk
  • New Concrete Roof, Mini Split Air Conditioning Units, Renovated Kitchens and Bathrooms, and Newly Installed Electric Panels Within Every Unit
  • Rare Turn-Key Asset Located Just Steps From Hollywood Beach

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present for sale “The Madison”. A newly renovated two-story, 13-unit boutique apartment building located steps away from Hollywood beach, at 329 Madison Street in Hollywood Beach, Florida. Constructed in 1948 and comprised of concrete-block construction, “The Madison” consists of 6,638 square feet and is situated on a .15-acre lot within the BRT-25-R Zoning District. The unit mix consists of twelve (12) one-bedroom / one-bathroom units, and one (1) Studio Unit. The property has undergone extensive interior and exterior renovations. Including a new concrete roof, new mini split air conditioning units and impact windows throughout the property. Interior renovations include brand new kitchens, walk-in showers, and newly installed electric panels within every unit. The Madison is located just off major thoroughfare A1A which runs a total of 338 miles along the Atlantic Ocean. Thus providing access to an attractive variety of restaurants, resorts and excursions, such as Margaritaville Hollywood Beach Resort, the Hollywood Beach Broadwalk and Charnow Park. Other major attractions and points of interest include, Seminole Hard Rock Hotel, and the Fort Lauderdale / Hollywood International Airport. The Madison offers an investor the opportunity to acquire a rare, stabilized turn-key property within the high-demand area of Hollywood Beach.

Exclusively Listed By

Financing By

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