Fort Lauderdale & South Florida Real Estate Waterfront Homes • Luxury Properties • Local Broker Expertise

Detached

Hollywood, FL 33023

MLS#: A12025025

$1,460,000

Status: Active
Listing number: A12025025
Listing provided by: ISRAM Realty & Management
Listing agent phone: None
Last update: 14 days ago
On site: 3 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1959

Sq.Footage

4,471

Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition. Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers. Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Assigned

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(square feet)

    10,602

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

  • Architectural Style

    Detached

Price

  • Sales Price

    $1,460,000

  • Tax Amount

    $21,434

  • Zoning

    S-MU

  • Sq. Footage

    4,471

  • Price/SqFt

    $326

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Broward

Elementary School

Middle School

High School

Listing Courtesy of Eyal Melamed, ISRAM Realty & Management

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Agent Jarrod Gaylis

Managing Broker & Founder

Jarrod Gaylis

Call Jarrod today to schedule a private showing.

(305) 790-0199

jgaylis@perfectpropertiesfl.com


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Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition. Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers. Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.

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