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4 Fully Remodeled Units Near The Beach! 2432 Sherman St 4 Unit Apartment Building $1,334,092 CAD ($333,523 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) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,785
|
$59.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,785
|
$59.42
|
| Taxes |
$22,024
|
$10.92
|
| Operating Expenses |
$16,160
|
$8.02
|
| Total Expenses |
$38,184
|
$18.94
|
| Net Operating Income |
$81,601
|
$40.48
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,785 |
| Annual Per SF | $59.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,785 |
| Annual Per SF | $59.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,024 |
| Annual Per SF | $10.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,160 |
| Annual Per SF | $8.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,184 |
| Annual Per SF | $18.94 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $81,601 |
| Annual Per SF | $40.48 |
Property Facts
| Price | $1,334,092 CAD | Building Class | B |
| Price Per Unit | $333,523 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,016 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Low-Rise | ||
| Zoning | RM-9 - MULTIPLE FAMILY DISTRICT | ||
| Price | $1,334,092 CAD |
| Price Per Unit | $333,523 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 |
| Zoning | RM-9 - MULTIPLE FAMILY DISTRICT |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,900 CAD | - |
| Studios | 2 | $1,889 CAD | - |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 51-42-09-05-6510 | Total Assessment | $1,086,189 CAD (2026) |
| Land Assessment | $83,537 CAD (2026) | Annual Taxes | $22,024 CAD ($10.92 CAD/SF) |
| Improvements Assessment | $1,002,652 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
51-42-09-05-6510
Land Assessment
$83,537 CAD (2026)
Improvements Assessment
$1,002,652 CAD (2026)
Total Assessment
$1,086,189 CAD (2026)
Annual Taxes
$22,024 CAD ($10.92 CAD/SF)
Tax Year
2024
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4 Fully Remodeled Units Near The Beach! | 2432 Sherman St
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