1843 Dewey Street

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1843 Dewey Street

hollywood, FL 33020
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

1843 Dewey Street is located in the Parkside neighborhood of Hollywood, Florida, situated between the central business district and the Hollywood Beach area. The property is positioned blocks away from Young Circle and the Hollywood Boulevard commercial corridor, providing access to local dining, retail shops, and grocery stores. The location offers proximity to major transit routes, including US-1 and Interstate 95, facilitating commutes to Fort Lauderdale and Miami. Public parks and recreational facilities are situated within walking distance of the site. The asset is suited for long-term residential leasing, serving a tenant profile that includes local service workers and professionals commuting to nearby urban centers. Its location near downtown employment hubs makes it a practical option for individuals seeking workforce housing with high connectivity. The property’s positioning supports a stable rental model, catering to those who prioritize walkable access to urban amenities and public transportation.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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