CANO APARTMENTS
2847-2851 Jackson St. Hollywood, FL 33020 – Fort Lauderdale MSA
0
Units
$ 0 M USD
Purchase Price
$ 0 K USD
Renovation to interior exterior of the property
Sold
business plan & results
The property required leasing empty units, recycling the current rent roll, and improving bad debt due to poor management. The property was successfully stabilized and put up for sale.
site & Project
The site consisted of 18 apartments situated in 0.94 Acres in Hollywood, FL, on Jackson St. The property is located just east of Interstate-95 and three blocks south of Hollywood Boulevard a major east-west artery through the city. The area immediately surrounding the property is primarily composed of single-family residences with scattered small condominium buildings and apartment complexes.
sub-market
Hollywood is Broward County’s third-largest municipality and Florida’s twelfth largest city. Hollywood has more than 60 parks, seven golf courses, seven miles of pristine beaches, and a one-of-a-kind Hollywood Beach Boardwalk. Historic Downtown Hollywood is a lively commercial, entertainment and cultural arts district. Hollywood also is home to the Memorial Healthcare System, the nation’s fifthlargest healthcare network. Hollywood continues to push itself to a world-class destination with more than $1.45 billion in real estate development planned or under construction.