The subject property is an 8 unit multifamily investment opportunity located in the rapidly growing Hollywood rental market.
| Website: | https://www.nestseekers.com/5486354 |
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| Address: | Hollywood, FL 33020 |
| Ownership: | For Sale |
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| Type: | Unknown |
Financials
Price:$1,500,000
Annual Taxes:$27,544
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
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of RE/MAX 5 Star Realty | |