About This Property

UNIQUE SOUTH FLORIDA INCOME-PRODUCING PORTFOLIO! Opportunity to acquire 9 existing rental units consisting of four duplexes plus a single-family home, situated across two folios in Hollywood. Currently generating approximately $17,415 per month / $208,980 annually in gross rental income, with additional upside potential. RM-9 multifamily zoning may offer the potential to convert/redevelop the existing single-family home into a 5th duplex for additional rental income, subject to City approval, zoning, density, permitting and other applicable requirements. Buyer to independently verify development potential with the City of Hollywood. Additional opportunity to increase existing rents. Excellent location near the Seminole Hard Rock Hotel & Casino with convenient access to the Florida Turnpike I-95 and Hard Rock Stadium. Seller financing may be considered at 7% with substantial down payment and first-lien position. Current owner is retiring. Possible 1031 Exchange.

Key Features

• 34,655 SquareFeet Lot
• Built in 1990

Property Details

• Type: Single Family Home
• Year Built: 1990
• Lot Size: 34,655 sq ft
• Sq Ft: 7,322
• Price / Sq Ft: $355
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 34,655 SquareFeet Lot
• Feature: Built in 1990
• Status: Active
• MLS Number: 1192487966
• Days on Market: 4
• Listed By: CSRF Real Estate · Brian Davis
• Zip Code: 33021