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$ 995,000
Est. payment | /mo
1,986 SqFt
$ 995,000
Est. payment | /mo
1,986 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,986 sqft
Price per Sqft $501
MLS Listing ID A11899548
HOA Y/N No
Year Built 1949
Annual Tax Amount $10,212
Lot Size 8,283 Sqft
Property Sub-Type Multi Family
Property Description
The Subject property is a fully approved, shovel-ready 9-unit multifamily development in the heart of Hollywood, Florida. The property features a 1,986± SF duplex on an 8,283± SF lot (PS-1 zoning), currently leased to two tenants generating $5,000/month. Approved plans include a modern 9-unit building, 10 parking spaces, and landscaping designed to meet all city standards. Once stabilized, the project is expected to produce $295k in gross annual income, $222,750 NOI, and a 9.3% cap rate. Located near Downtown Hollywood, Young Circle, and major highways, this is a turnkey opportunity for investors or developers.
Location
State FL
County Broward
Area 3050
Exterior
Private Pool Yes
Others
Tax ID 514222100840
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11899548
Listed by RE/MAX 5 Star Realty
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