The Subject property is a fully approved, shovel-ready 9-unit multifamily development in the heart of Hollywood, Florida. The property features a 1,986± SF duplex on an 8,283± SF lot (PS-1 zoning), currently leased to two tenants generating $5,000/month. Approved plans include a modern 9-unit building, 10 parking spaces, and landscaping… Read More designed to meet all city standards. Once stabilized, the project is expected to produce $295k in gross annual income, $222,750 NOI, and a 9.3% cap rate. Located near Downtown Hollywood, Young Circle, and major highways, this is a turnkey opportunity for investors or developers. Read Less
Courtesy of RE/MAX 5 Star Realty 954-361-0000
Listing Snapshot
Days Online
238
Last Updated
Property Type
Multi Family
Square Ft.
1,986
Lot Size
0.19 Acres
Year Built
1949
MLS Number
A11899548
30 Days Snapshot Of 33020
$204k
-13%
(avg) sold price
3
-25%
homes sold
290
+62%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1949, Toal building area: 1986
Lot
0.19 acres
Property
Zoning: PS-1
Taxes
Annual amount: $10,212
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