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31227851
31227850

2221-2223 Adams St, Hollywood, FL 33020

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$1,750,000
74 days on market
Updated 45 days ago

Adams Street Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,263
Net Rentable (SqFt) 7,263
Units 10
Cap Rate 4.33%
NOI $75,761
Occupancy 100%
Pro-Forma Cap Rate 6.89%
Pro-Forma NOI $120,632
Price per SqFt $241
Class C
Year Built 1964
Buildings 4
Stories 1
Acreage 0.470
Investment Type Value Add
Ownership Fee Simple

Multifamily | 10 Units | $175,000/unit

Marketing description

Marcus & Millichap is pleased to present Adams Street Apartments, a 10-unit multifamily property located at 2221–2223 Adams Street in Hollywood, Florida. The property consists entirely of one-bedroom/one-bathroom units averaging 726 square feet, offering spacious layouts in a high-demand rental corridor.

The asset has recently undergone significant improvements, including a new metal roof, mini-split air conditioning systems throughout, and ongoing parking lot restriping, enhancing both curb appeal and operational efficiency. Eight of the ten units have been renovated, featuring granite countertops and shaker-style cabinetry, providing immediate upside through continued interior upgrades and rent optimization. The property also includes four carports, creating an additional income opportunity.

Strategically positioned just minutes from Downtown Hollywood, Young Circle, and Hollywood Beach, the property benefits from strong local demand driven by hospitality, retail, and healthcare employment. With proximity to US-1, I-95, and the Brightline station, Adams Street Apartments offers tenants convenient connectivity throughout Broward and Miami-Dade Counties.

Adams Street Apartments presents an attractive opportunity to acquire a well-located, partially renovated multifamily asset in one of South Florida’s most active rental submarkets, with continued value-add potential and durable long-term fundamentals.

Investment highlights

  • New Metal Roof And Mini-Split AC Systems Throughout

  • 8 Of 10 Units Renovated With Granite Countertops And Shaker Cabinetry

  • Four Carports Provide Potential Additional Income Stream

  • 10 Spacious 1 Bed / 1 Bath Units Averaging 726 SF

  • Prime Hollywood Location Near Downtown, The Beach, And Major Transportation Corridors

Listing Contacts

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,761.00
$6,313.42/mo

Valuation Metrics

0
DSCR
4.33%
Cap Rate
4.33%
ROI

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Additional Information

Name
Evan Richardson
License
FL SL3134745
Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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