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In-PersonVirtual Tour
$ 2,000,000
Est. payment | /mo
4,888 SqFt
$ 2,000,000
Est. payment | /mo
4,888 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,888 sqft
Price per Sqft $409
MLS Listing ID A12020869
HOA Y/N No
Year Built 1956
Annual Tax Amount $31,249
Lot Size 0.376 Acres
Property Sub-Type Multi Family
Property Description
The subject property is an 8-unit multifamily investment opportunity located in the rapidly growing Hollywood rental market.The property consists of two adjacent apartment buildings situated on a 16,349 SF development site currently generating strong in-place rental income with additional upside through future rental increases, continued renovations, and operational improvements. Several units have been updated with renovated interiors while the property benefits from strong tenant demand and a central location near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. The site also presents significant redevelopment potential with the ability to build approximately ±85 units under the Live Local Act.
Location
State FL
County Broward
Area 3050
Exterior
Private Pool Yes
Others
Tax ID 514222090151
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12020869
Listed by RE/MAX 5 Star Realty
NEARBY SCHOOL & BUSINESS
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