Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:$1,500,000
Annual Taxes:$27,544
Listing Courtesy of RE/MAX 5 Star Realty
The subject property is an 8 unit multifamily investment opportunity located in the rapidly growing Hollywood rental market.
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 11,334 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 ±60 units under the Live Local Act.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12020875
Neighborhood
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
