1858 Dewey St, Hollywood, FL 33020

Description of 1858 Dewey St, Hollywood, FL 33020

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.

Property Details for 1858 Dewey St, Hollywood, FL 33020

Flooring

Other

Heating

Electric

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Architectural Style

Other

Pool Private

No

Year Built Details

Effective Year Built

Building Information for 1858 Dewey St, Hollywood, FL 33020

Building Name

HOLLYWOOD SOUTH SIDE ADD

Building Area Total

3632

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Property Information for 1858 Dewey St, Hollywood, FL 33020

Lot Features

1/4 To Less Than 1/2 Acre Lot

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Other

Sewer

Public Sewer

New Construction

No

Public Records for 1858 Dewey St, Hollywood, FL 33020

Parcel Number

514222102180

Tax Annual Amount

$38,289

Tax Year

2025

Tax Legal Description

HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 29,30 BLK 11

Zoning

PS-1

County Or Parish

Broward County

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