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$ 6,450,000
Est. payment | /mo
18,417 SqFt
$ 6,450,000
Est. payment | /mo
18,417 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,417 sqft
Price per Sqft $350
MLS Listing ID A12020881
HOA Y/N No
Year Built 1945
Annual Tax Amount $66,091
Lot Size 1.417 Acres
Property Sub-Type Multi Family
Property Description
This multifamily investment and redevelopment 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, operational improvements, and long-term redevelopment potential. Several units have 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. The assemblage also presents a significant covered land play opportunity with the ability to develop approximately 325+ units under the Live Local Act, making it an attractive opportunity for investors and developers seeking future multifamily density in an improving urban infill location.
Location
State FL
County Broward
Area 3050
Exterior
Private Pool Yes
Others
Tax ID 514222090050
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12020881
Listed by RE/MAX 5 Star Realty
NEARBY SCHOOL & BUSINESS
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