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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1858 Dewey St , Hollywood, FL 33020
$2,400,000
Est. Payment: $5,333.33/mo
12 Bed
12 Bath
3632 Sqft
Status: Active | Days on site: 11
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House Description

CORTE REAL ESTATE GROUP, as exclusive advisor, is pleased to present 1858 Dewey Street, a compelling multifamily investment opportunity in Hollywood, Florida. The property offers a 6.69%+ capitalization rate, immediate cash flow, rental upside, and meaningful long-term redevelopment potential. Currently operated as 12 renovated, fully furnished studio residences, the property will be delivered fully occupied, providing a turnkey income-producing asset from day one. Each studio features split-system air conditioning, a flat-screen television, and a functional kitchen with dining space. The property operates under an all-inclusive rental structure, with Wi-Fi, electricity, and water included in the rent. Long-term tenants and annual leases support stable occupancy and consistent income. Legally recognized as nine units, the property currently operates as 12 studios through an existing flexible configuration with dividing doors, allowing certain spaces to be rented separately or combined. Situated on approximately 0.25 acres within an Opportunity Zone, the site may offer future redevelopment potential of up to five stories, subject to independent verification and governmental approvals. Located near Downtown Hollywood, ArtsPark at Young Circle, Hollywood Beach, major roadways, public transportation, dining, shopping, and Fort Lauderdale-Hollywood International Airport, 1858 Dewey Street combines immediate income with long-term growth potential.

Highlights

Listed by Ugo Cortesano , 786-942-3238 Corte Real Estate Group LLC , 305-534-6679.

Property Type

Multi-Family

Year Built

1964

County

Broward

Area

3050

Neighborhood

Hollywood South Side Add

Listing ID

A12067236

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:12
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Wall/Window Unit(s)
Fireplaces:

Exterior Features

Lot:1/4 to 1/2 Acre Lot
Garage Capacity:14
Zoning:PS-1
Roof:Other
Sewer:Public Sewer
Principal Interest
$5,333
Taxes
$3,191

Home Price

$2,400,000

Loan Details

30 yrs
%

Down Payment

20%
$480,000
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Monthly Price:
$5,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,333.33 $3,190.75 $0.00 $8,524.08
Yearly $64,000.00 $38,289.00 $0.00 $102,289.00
Total $1,920,000.00 $1,148,670.00 $0.00 $3,068,670.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Hollywood, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.