2325-2331 Arthur St

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2325-2331 Arthur St

Hollywood, FL 33020
Asking Price
$2.94M
Asset Type
Multifamily
Class
Class B

What's Special

2325-2331 Arthur St is a multifamily property located in vibrant Hollywood, Florida, situated between the central business district and the Atlantic coastline. The neighborhood is characterized by a blend of residential units and local commercial hubs, offering proximity to Hollywood Boulevard’s dining and retail options. Residents benefit from being less than two miles from the coastline and the Hollywood Beach Broadwalk. Local transportation access is facilitated by nearby arterial roads including Dixie Highway and Federal Highway, which provide connections to the Fort Lauderdale-Hollywood International Airport. The property is well-suited for long-term rental use, catering to a diverse tenant profile that includes local service workers, commuters, and small households seeking access to coastal amenities. Given the proximity to regional employment centers in both Broward and Miami-Dade counties, the asset attracts a workforce demographic valued for its stability. The site supports a traditional buy-and-hold strategy, positioning it for consistent occupancy within a high-demand submarket characterized by limited housing supply and steady population growth.

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NOI
$80,000
Cap Rate
2.73%
DSCR
0.46
Underwater
Cash-on-Cash
-10.70%
Monthly Payment
$14,520.779
Annual Cash Flow
$-94,249.343

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