Rare opportunity to acquire a 48 unit mixed use property at 1610 N Dixie Hwy in Hollywood at a true value add price.
| Website: | https://www.nestseekers.com/5416426 |
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| Address: | Apt: 1-48 Hollywood, FL 33020 |
| Ownership: | For Sale |
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| Type: | Unknown |
Financials
Price:$4,750,000
Annual Taxes:$140,631
Description
Rare opportunity to acquire a 48-unit mixed-use property at 1610 N Dixie Hwy in Hollywood at a true value-add price. The asset consists of apartments, office, retail, and storage across a 27,393 SF lot with DH-3 zoning, allowing for redevelopment potential of approximately 90 residential units or alternative uses such as warehouse. The current unit mix includes 41 studio apartments, 2 one-bedroom/one-bath units, 3 office spaces, 1 retail store, and 1 storage unit. Only 13 units are currently occupied, with the majority vacant and requiring full rehab, creating a significant upside opportunity for investors looking to reposition or redevelop. The property is being sold with existing liens/violations and is priced accordingly for a cash-only buyer. Located just minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches. Opportunities like this rarely hit the market at this basis. priced to move quickly!
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11994603
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of Fausto Commercial Realty Consultants Inc | |