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Multifamily

Adams & Washington Apartments

2025 Washington Street & 2022 Adams Street, Hollywood, FL 33020

Listing Price: $4,640,000

Number of Units
32
Price/Unit
$145,000
Price/Gross SF
$264.33
Gross SF
17,554

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Adams & Washington Apartments, two adjacent apartment buildings totaling 32 units, located in Hollywood, Florida. SUBJECT PROPERTY 2022 Adams Street is a two-story apartment building totaling 20 units. The property was constructed in 1968 of concrete block, consists of 10,429 square feet and encompasses a 13,000 square-foot lot, according to the Broward County Property Appraiser. Units feature ceramic tile flooring, central air conditioning and electric appliances. 2025 Washington Street is a two-story apartment building totaling 12 units. The property was constructed in 1973 of concrete block, consists of 7,125 square feet and encompasses a 10,941 square-foot lot, according to the Broward County Property Appraiser. Units feature ceramic tile flooring, central air conditioning and electric appliances. Adams & Washington Apartments consist of (31) one-bedroom | one-bathroom apartments with an average in-place rent of $1,139 and a two-bedroom | two-bathroom apartment with an in-place rent of $1,550. LOCATION Adams & Washington Apartments are located east of Dixie Highway, just west of Federal Highway, along Adams to the north and Washington to the south. The location allows for easy access to Dixie Highway and Federal Highways, Hollywood Boulevard, Pembroke Road, and Interstate 95. Adams & Washington Apartments are also proximate to a variety of shopping, dining, entertainment attractions and employment centers. Nearby points of interest include Hollywood’s Young Circle, which includes numerous restaurants, cafes and a Publix supermarket, Hollywood Beach, Margaritaville Hollywood Beach Resort and the Gulfstream Park Casino and Racetrack are all located within a short drive from the property. Nearby educational facilities include Hollywood Central Elementary (0.6 miles), Colbert Elementary School (1.0 miles), McNicol Middle School (1.3 miles) and Hallandale High School (1.6 miles). The surrounding neighborhood consists primarily of single-family homes and multifamily properties with a local population of 372,865 and an average household income of $79,450 within a 5-mile radius, according to Experian. SUMMARY Adams & Washington Apartments is offered for at $4,960,000 or $155,000 per unit.

Investment Highlights

  • Two-Buildings, 32-Units in Parkside Neighborhood in East Hollywood
  • Value Add Opportunity Located in Opportunity Zone
  • Central Air Conditioning Throughout, Ceramic Tile Floors, Electric Appliances
  • Easy Access to Dixie Highway, Hollywood Boulevard and Federal Highway

Exclusively Listed By

Multifamily

Adams & Washington Apartments

Listing Price: $4,640,000

Number of Units
32
Price/Unit
$145,000
Price/Gross SF
$264.33
Gross SF
17,554

Investment Highlights

  • Two-Buildings, 32-Units in Parkside Neighborhood in East Hollywood
  • Value Add Opportunity Located in Opportunity Zone
  • Central Air Conditioning Throughout, Ceramic Tile Floors, Electric Appliances
  • Easy Access to Dixie Highway, Hollywood Boulevard and Federal Highway

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Adams & Washington Apartments, two adjacent apartment buildings totaling 32 units, located in Hollywood, Florida. SUBJECT PROPERTY 2022 Adams Street is a two-story apartment building totaling 20 units. The property was constructed in 1968 of concrete block, consists of 10,429 square feet and encompasses a 13,000 square-foot lot, according to the Broward County Property Appraiser. Units feature ceramic tile flooring, central air conditioning and electric appliances. 2025 Washington Street is a two-story apartment building totaling 12 units. The property was constructed in 1973 of concrete block, consists of 7,125 square feet and encompasses a 10,941 square-foot lot, according to the Broward County Property Appraiser. Units feature ceramic tile flooring, central air conditioning and electric appliances. Adams & Washington Apartments consist of (31) one-bedroom | one-bathroom apartments with an average in-place rent of $1,139 and a two-bedroom | two-bathroom apartment with an in-place rent of $1,550. LOCATION Adams & Washington Apartments are located east of Dixie Highway, just west of Federal Highway, along Adams to the north and Washington to the south. The location allows for easy access to Dixie Highway and Federal Highways, Hollywood Boulevard, Pembroke Road, and Interstate 95. Adams & Washington Apartments are also proximate to a variety of shopping, dining, entertainment attractions and employment centers. Nearby points of interest include Hollywood’s Young Circle, which includes numerous restaurants, cafes and a Publix supermarket, Hollywood Beach, Margaritaville Hollywood Beach Resort and the Gulfstream Park Casino and Racetrack are all located within a short drive from the property. Nearby educational facilities include Hollywood Central Elementary (0.6 miles), Colbert Elementary School (1.0 miles), McNicol Middle School (1.3 miles) and Hallandale High School (1.6 miles). The surrounding neighborhood consists primarily of single-family homes and multifamily properties with a local population of 372,865 and an average household income of $79,450 within a 5-mile radius, according to Experian. SUMMARY Adams & Washington Apartments is offered for at $4,960,000 or $155,000 per unit.

Exclusively Listed By

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