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$ 2,499,000
Est. payment | /mo
7,551 SqFt
$ 2,499,000
Est. payment | /mo
7,551 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,551 sqft
Price per Sqft $330
MLS Listing ID A11572661
HOA Y/N No
Year Built 1972
Annual Tax Amount $33,050
Lot Size 0.471 Acres
Property Description
Exceptional investment opportunity in Hollywood, Florida! A 12-unit apartment building promises immediate revenue growth, with units currently leased 35% to 40% below market rates. What sets this property apart is its approved zoning by the City of Hollywood, paving the way for a new 4-floor structure to be built. This expansion would increase income by aligning rents with market rates and adding more units. Positioned in a prime location, the property is conveniently close to the beach, restaurants, shops, nightlife, and highways.
Location
State FL
County Broward
Area 3050
Others
Tax ID 514216013280
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11572661
Listed by Apex International Realty, LLC.
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "