gated community

$3,999,999

335 Georgia Street, Hollywood, FL 33019

Hollywood, FL, 33019

— bd · — ba · 5,857 sqft

Listed by Sunst Real Estate LLC

Estimated monthly payment

$26,107/mo

Income & expenses

1 unit
Building totalsMonthlyAnnual
Gross rental income$22,000$264,000
Operating expenses (est.)$7,369$88,434
Net operating income (est.)$14,631$175,566

Expenses reflect the published net income, adjusted for post-sale taxes; the seller's itemized expenses need confirmation. Loan payments are separate.

Net Op Inc (as listed)

$175,367

Published by the listing agent

Property taxes after sale

$48,000

Florida average estimate

Seller's current taxes

$48,199

Already inside their NOI

$3,999,999
$3,199,999 (20% below)Asking $3,999,999

Cap rate

4.39%

NOI $175,566/yr

The seller's Net Op Inc, corrected for the higher tax bill after the sale.

How we got there

Net Op Inc as listed
$175,367
Taxes today
$48,199
Taxes at $3,999,999
$48,000
Extra tax to absorb
-$-199
Adjusted net
$175,566

Cash flow with a loan

20% · $800,000
0%50%100%
Loan payment $249,062/yr
Cash flow $-73,496/yr
Cap rate 4.39%
Cash-on-cash -9.19%
Cash flow ÷ price -1.84%

Tax-adjusted net operating income minus a 30-year loan payment at the price tested above.

Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.

Know your costs before you buy

Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.

Estimated monthly payment $26,107/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.

About this home

Find similar homes

Twelve apartments, ten steps from the Atlantic, at $333K per door. That is below every comparable Hollywood Beach building on the market.A gated, renovated building on the Hollywood Beach Broadwalk, which Travel + Leisure named among America's best. Twelve 1/1 apartments, each with a full kitchen, split A/C and impact windows. New Spanish tile roof, updated plumbing and electrical, and a tropical courtyard with BBQ and laundry.All twelve are leased, with rents below the area average and 11 of 12 leases month to month. You can raise rents, renovate between tenants, or move to licensed nightly rentals, which the beach district allows.The land is the long game. Under BRT-25-R, today's code would allow about five units on this 9,558 SF lot; the twelve here are grandfathered. Related Group's 39-story tower is rising on the same Broadwalk, the City's Broadwalk extension begins at Georgia Street, and $1.5B in development surrounds the block.Fee simple, no HOA, 1031-ready, and the seller is open to a rate buy-down. The full offering package, rent roll and 12-month ledger are available on request.Buy the income. Keep the land. RENT ROLL (from Nov 1, 2026): 7 units at $1,800, 1 unit at $2,000, 4 units at $1,850. Total $22,000/month, $264,000/year. Laundry income approx. $1,440/year. 11 of 12 leases are month to month.IN-PLACE OPERATING EXPENSES (annual): property taxes $46,272; management $14,400; cleaning and maintenance $8,653; waste $6,991; water and sewer $6,252; insurance $4,376; legal and professional $1,800; common electric $1,214; pest control $115. Total $90,073.IN-PLACE NOI: $175,367 (4.4% cap at asking price).PROPERTY: 9,558 SF of land on three combined lots, fee simple. One-story concrete block building, 5,857 SF. Twelve 1/1 apartments, each with full kitchen and split A/C. Impact windows, updated tile roof, plumbing and electrical. Gated tropical courtyard with BBQ and coin laundry. No on-site parking; residents use street parking and nearby city lots.ZONING: BRT-25-R. Current code would allow approx. five units on this lot; the existing twelve are grandfathered. The beach district allows licensed vacation rentals subject to City of Hollywood and State of Florida licensing; buyers should verify requirements, including parking.Figures provided by ownership and the property manager, not audited by the broker. Property taxes will be reassessed after a sale. Buyer to verify all information.

Your costs (est.)

≈ $26,107/mo

335 Georgia Street, Hollywood, FL 33019 · Hollywood

Location

335 Georgia Street, Hollywood, FL 33019

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995