1652 Madison St

• Eight Spacious Apartments — All units feature two bedrooms and one bathroom, with approximately 5,581 square feet of total building area.
• Fully Renovated Interiors — Updated interiors throughout the property complement the two-bedroom floor plans.
• New Roof — Recently replaced roofing is a key component of the property’s completed improvements.
• Impact Windows — Impact windows provide storm protection throughout the property.
• PVC Plumbing — Updated PVC plumbing adds to the property’s building-system improvements.
• East of Federal Highway — Located east of US-1 in Hollywood, near downtown, Young Circle, and Hollywood Beach.
• Established Rental Income — Current scheduled rents total $14,800 per month, representing $177,600 in annual gross rental income.
• Rental Upside — Current rents average $1,850 per unit. At the underwriting projected $2,100 monthly rent, potential additional gross rental income totals $24,000 annually—a 13.5% increase as leases permit.
• Completed Capital Improvements — Renovated interiors, a new roof, impact windows, and PVC plumbing address several major components a buyer would otherwise evaluate for future upgrades.
• All Two-Bedroom Units — A consistent mix of eight two-bedroom apartments offers investors a straightforward unit configuration at an asking price of $1,695,000, or $211,875 per unit.
• Convenient Hollywood Location — Access to downtown dining, shopping, beaches, and major roadways connects residents to local amenities and the broader South Florida region.