About This Property

This multifamily investment and redevelopment opportunity consists of three adjacent parcels totaling 36 apartment units situated on approximately 61,718 SF in the rapidly growing Hollywood rental market. The portfolio currently generates strong in-place rental income with additional upside through future rental increases, continued renovations, operational improvements, and long-term redevelopment potential. Several units have been updated with renovated interiors while the properties benefit from strong tenant demand and a central location near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. The assemblage also presents a significant covered land play opportunity with the ability to develop approximately 325+ units under the Live Local Act, making it an attractive opportunity for investors and developers seeking future multifamily density in an improving urban infill location.

Key Features

• 61,718 SquareFeet Lot
• Built in 1945

Property Details

• Type: Single Family Home
• Year Built: 1945
• Lot Size: 1.42 Acres
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 61,718 SquareFeet Lot
• Feature: Built in 1945
• Status: Active
• MLS Number: 1168355317
• Days on Market: 3
• Listed By: MLS Listing
• Zip Code: 33020