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$1,540,000
Est. payment /mo
4,157 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,157 sqft
Price per Sqft $370
MLS Listing ID A11928895
HOA Y/N No
Year Built 1938
Annual Tax Amount $18,154
Lot Size 0.471 Acres
Property Sub-Type Multi Family
Property Description
Prime investment and redevelopment opportunity in the heart of Hollywood, FL. Set on approximately ½ acre, this corner property comprises four buildings with a total of seven rental units, generating stable income while offering significant long-term upside. Situated within the DH-2 zoning district, the site allows for future redevelopment of a 4-story, 25–27-unit multifamily project, making it an ideal acquisition for developers, investors, and assemblage strategies seeking scale in a high-growth market.
Current Improvements and Unit Mix:
Building 1: Single-family home, 2BR/1BA, rented for $1,800/month.
Building 2: Three-unit structure
1BR/1BA – $1,500/month
1BR/1BA – $1,500/month
2BR/1BA – $1,600/month
Building 3: Two 1BR/1BA units, each rented for $1,500/month, both with private fenced yards.
Building 4: Single-family home, 2BR/1BA, with private fenced yard, rented for $2,000/month.
The large lot, multi-frontage corner positioning, and flexible zoning support strong design potential for redevelopment. The property is centrally located minutes from Downtown Hollywood, major transportation corridors, retail, dining, and Hollywood Beach, providing both immediate income and exceptional future development value.
A rare opportunity to secure an income-producing asset with meaningful redevelopment upside in one of South Florida's most rapidly evolving submarkets.
Current Improvements and Unit Mix:
Building 1: Single-family home, 2BR/1BA, rented for $1,800/month.
Building 2: Three-unit structure
1BR/1BA – $1,500/month
1BR/1BA – $1,500/month
2BR/1BA – $1,600/month
Building 3: Two 1BR/1BA units, each rented for $1,500/month, both with private fenced yards.
Building 4: Single-family home, 2BR/1BA, with private fenced yard, rented for $2,000/month.
The large lot, multi-frontage corner positioning, and flexible zoning support strong design potential for redevelopment. The property is centrally located minutes from Downtown Hollywood, major transportation corridors, retail, dining, and Hollywood Beach, providing both immediate income and exceptional future development value.
A rare opportunity to secure an income-producing asset with meaningful redevelopment upside in one of South Florida's most rapidly evolving submarkets.
Location
State FL
County Broward
Area 3020
Interior
Flooring Tile
Exterior
Roof Type Shingle
Private Pool Yes
Building
Story 1
Sewer Public Sewer, Other, Septic Tank
Water Public
Level or Stories One
Structure Type Block,Frame,Stucco
Others
Tax ID 514216011660
Ownership Partnership
Security Features Fenced,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11928895
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Listed by Keter Estates LLC