1858 Dewey Street Unit 1-9 For Sale
Property Details
| Asking Price | $2,050,000 |
|---|---|
| Price per SqFt | $564 |
| Property Taxes | $38,289 2025 |
| Interior Space | 3,632 SqFt |
| Beds/Baths | —/— |
| Year Built | 1964 |
| Pool | No |
| MLS # | A12067236 |
Location
From the listing
CORTE REAL ESTATE GROUP, as exclusive advisor, is pleased to present 1858 Dewey Street, a compelling multifamily investment opportunity in Hollywood, Florida. The property offers a 6.69%+ capitalization rate, immediate cash flow, rental upside, and meaningful long-term redevelopment potential.Currently operated as 12 renovated, fully furnished studio residences, the property will be delivered fully occupied, providing a turnkey income-producing asset from day one. Each studio features split-system air conditioning, a flat-screen television, and a functional kitchen with dining space. The property operates under an all-inclusive rental structure, with Wi-Fi, electricity, and water included in the rent. Long-term tenants and annual leases support stable occupancy and consistent income.Legally recognized as nine units, the property currently operates as 12 studios through an existing flexible configuration with dividing doors, allowing certain spaces to be rented separately or combined.Situated on approximately 0.25 acres within an Opportunity Zone, the site may offer future redevelopment potential of up to five stories, subject to independent verification and governmental approvals.Located near Downtown Hollywood, ArtsPark at Young Circle, Hollywood Beach, major roadways, public transportation, dining, shopping, and Fort Lauderdale-Hollywood International Airport, 1858 Dewey Street combines immediate income with long-term growth potential.
Listed by Corte Real Estate Group LLC
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $38,289 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 1858 Dewey Street, Hollywood, FL 33020
Sales history is unavailable for this property
Listed by Corte Real Estate Group LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Hollywood and throughout South Florida.
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1858 Dewey Street Unit 1-9, Hollywood · MLS A12067236 · $2,050,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.