5629 Taft St

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5629 Taft St

Hollywood, FL 33021
Asking Price
$1.60M
Asset Type
Multifamily
Class
Class B

What's Special

5629 Taft St is situated in a residential corridor of Hollywood, Florida, positioned between Florida’s Turnpike and Interstate 95. The surrounding neighborhood is primarily characterized by single-family homes and mid-sized apartment complexes. Residents have proximity to various local amenities, including the Hollywood Hills Plaza and Memorial Regional Hospital. Public transportation is accessible via Broward County Transit bus routes along Taft Street and Hollywood Boulevard, providing connections to the nearby Hollywood Tri-Rail station and the downtown core. This multifamily property is suited for rental housing, catering to a diverse tenant base established in South Florida. Typical occupants often include medical professionals employed at nearby healthcare facilities and commuters seeking central access to both Fort Lauderdale and Miami. The location supports long-term residential use for small families or individuals prioritizing proximity to local schools, parks, and regional employment hubs.

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

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