Rare opportunity to acquire a 48 unit mixed use property at 1610 N Dixie Hwy in Hollywood at a true value add price.


Property

Website:https://www.nestseekers.com/5416426
Address:
Apt: 1-48
Hollywood, FL 33020
Ownership: For Sale
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!

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Fausto Commercial Realty Consultants Inc