4 Fully Remodeled Units Near The Beach! 2432 Sherman St 4 Unit Apartment Building $1,380,248 CAD ($345,062 CAD/Unit) Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Fully Remodeled 2022
- Two 2 Bed 1 Bath + 2 Studios
- Newer Roof
- Located Near Hollywood Beach
- Hurricane Impact Windows & Doors
EXECUTIVE SUMMARY
Don't Miss Out On This Amazing Fully Remodeled Hollywood 4Plex Near The Beach! Units Consist Of Two 2 Bedroom 1 Baths & Two Studios. Remodel Was Completed In 2022 Which Includes All Electric Panels, Roof, Hurricane Impact Windows, Insulation, Waterproof Vinyl Flooring, 2 Central A/C Units For The Two 2 Bedrooms 1 Bath Units & Spit Mini A/C's For the 2 Studio Apartments. All Kitchens Have Beautiful Wood Cabinets With Stainless Steel Appliance & Quartz Countertops. Building Has Washer/Dryer Hookups. Ideal For Adding Coin Operated Machines For Additional Income! Property Is Perfect For Owner Occupant, Investor Or Air BnB. Projected Annual Gross Income Is $88,800. Annual Expenses is $28,307. Expenses Include Taxes $16,327 Landscaping $600 Insurance $5,500 Water $1080 Electric $4,800.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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
|
PROPERTY FACTS
| Price | $1,380,248 CAD |
| Price Per Unit | $345,062 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 2,016 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1972 |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $3,001 CAD | - |
| Studios | 2 | $1,954 CAD | - |
1 of 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 51-42-09-05-6510 | Total Assessment | $1,099,663 CAD (2025) |
| Land Assessment | $84,573 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,015,090 CAD (2025) | Tax Year | 2024 |
ZONING
| Zoning Code | RM-9 (MULTIPLE FAMILY DISTRICT) |
