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Multifamily

Madison Portfolio

2300 Madison St, Hollywood, FL 33020

Listing Price: $5,600,000

Cap Rate
4.27%
Number of Units
40
GRM
11.45
Occupancy
95.0%
Price/Unit
$140,000
Price/Gross SF
$200.32
Gross SF
27,955

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to bring to market the Madison Street Portfolio, a 40 unit apartment portfolio located on Madison Street in Hollywood, Florida. The portfolio consists of one Studio, 31 One Bedroom / One Bathroom, two (2) Two Bedroom / One Bathroom Units, and six (6) Three Bedroom / One Bathroom units across 27,955 livable square feet. The buildings were constructed in 1962 and 1963 of concrete block construction with a painted stucco exterior. All of the units are on the same block across three parcels. Some of the units have been renovated with newer kitchens and bathrooms.
The area is experiencing one of the fastest real estate redevelopment and investment surges in the region. These developments include major city projects and private condominium offerings.

Investment Highlights

  • 1962/1963 Concrete Block Construction
  • Tile Flooring Throughout
  • Excellent Unit Mix Consisting of Studio, One-, Two-, and Three Bedroom Units

Exclusively Listed By

Financing By

Listing Price: $5,600,000

Cap Rate
4.27%
Number of Units
40
GRM
11.45
Occupancy
95.0%
Price/Unit
$140,000
Price/Gross SF
$200.32
Gross SF
27,955

Investment Highlights

  • 1962/1963 Concrete Block Construction
  • Tile Flooring Throughout
  • Excellent Unit Mix Consisting of Studio, One-, Two-, and Three Bedroom Units

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to bring to market the Madison Street Portfolio, a 40 unit apartment portfolio located on Madison Street in Hollywood, Florida. The portfolio consists of one Studio, 31 One Bedroom / One Bathroom, two (2) Two Bedroom / One Bathroom Units, and six (6) Three Bedroom / One Bathroom units across 27,955 livable square feet. The buildings were constructed in 1962 and 1963 of concrete block construction with a painted stucco exterior. All of the units are on the same block across three parcels. Some of the units have been renovated with newer kitchens and bathrooms.
The area is experiencing one of the fastest real estate redevelopment and investment surges in the region. These developments include major city projects and private condominium offerings.

Exclusively Listed By

Financing By

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