This multifamily investment opportunity consists of three adjacent parcels totaling 36 apartment units situated on approximately 61,718 SF in the rapidly growing Hollywood rental market. The portfolio currently generates strong in-place rental income with additional upside through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units have… Read More been updated with renovated interiors while the properties benefit from strong tenant demand and a central location near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. In addition to the existing multifamily income, the assemblage also presents long-term redevelopment potential under the Live Local Act with the ability to develop approximately 325+ units. Read Less
Courtesy of RE/MAX 5 Star Realty 954-361-0000
Listing Snapshot
Days Online
25
Last Updated
Property Type
Multi Family
Square Ft.
18,417
Lot Size
1.42 Acres
Year Built
1945
MLS Number
A12023429
30 Days Snapshot Of 33020
$204k
+2%
(avg) sold price
3
0%
homes sold
290
+48%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1945, Toal building area: 18417
Lot
1.42 acres
Property
Zoning: FH-1
Taxes
Annual amount: $66,091
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