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Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,551 sqft
Price per Sqft $264
MLS Listing ID A11572661
Sold Date 03/20/25
HOA Y/N No
Year Built 1972
Annual Tax Amount $33,050
Contingent Pending Inspections
Lot Size 0.471 Acres
Property Sub-Type Multi Family
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
Exterior
Private Pool Yes
Others
Tax ID 514216013280
Financing Cash
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Bought with Fausto Commercial Realty Consultants Inc
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Monica Brisson
Broker Associate | License ID: 0645316
Broker Associate License ID: 0645316