335 Georgia Street, Hollywood, FL 33019

Property Description

Twelve apartments, ten steps from the Atlantic, at $333K per door. That is below every comparable Hollywood Beach building on the market.A gated, renovated building on the Hollywood Beach Broadwalk, which Travel + Leisure named among America's best. Twelve 1/1 apartments, each with a full kitchen, split A/C and impact windows. New Spanish tile roof, updated plumbing and electrical, and a tropical courtyard with BBQ and laundry.All twelve are leased, with rents below the area average and 11 of 12 leases month to month. You can raise rents, renovate between tenants, or move to licensed nightly rentals, which the beach district allows.The land is the long game. Under BRT-25-R, today's code would allow about five units on this 9,558 SF lot; the twelve here are grandfathered. Related Group's 39-story tower is rising on the same Broadwalk, the City's Broadwalk extension begins at Georgia Street, and $1.5B in development surrounds the block.Fee simple, no HOA, 1031-ready, and the seller is open to a rate buy-down. The full offering package, rent roll and 12-month ledger are available on request.Buy the income. Keep the land. RENT ROLL (from Nov 1, 2026): 7 units at $1,800, 1 unit at $2,000, 4 units at $1,850. Total $22,000/month, $264,000/year. Laundry income approx. $1,440/year. 11 of 12 leases are month to month.IN-PLACE OPERATING EXPENSES (annual): property taxes $46,272; management $14,400; cleaning and maintenance $8,653; waste $6,991; water and sewer $6,252; insurance $4,376; legal and professional $1,800; common electric $1,214; pest control $115. Total $90,073.IN-PLACE NOI: $175,367 (4.4% cap at asking price).PROPERTY: 9,558 SF of land on three combined lots, fee simple. One-story concrete block building, 5,857 SF. Twelve 1/1 apartments, each with full kitchen and split A/C. Impact windows, updated tile roof, plumbing and electrical. Gated tropical courtyard with BBQ and coin laundry. No on-site parking; residents use street parking and nearby city lots.ZONING: BRT-25-R. Current code would allow approx. five units on this lot; the existing twelve are grandfathered. The beach district allows licensed vacation rentals subject to City of Hollywood and State of Florida licensing; buyers should verify requirements, including parking.Figures provided by ownership and the property manager, not audited by the broker. Property taxes will be reassessed after a sale. Buyer to verify all information.