The Subject property is a fully approved, shovel-ready 9-unit multifamily development in the heart of Hollywood, Florida. The property features a 1,986± SF duplex on an 8,283± SF lot (PS-1 zoning), currently leased to two tenants generating $5,000/month. Approved plans include a modern 9-unit building, 10 parking spaces, and landscaping designed to meet all city standards. Once stabilized, the project is expected to produce $295k in gross annual income, $222,750 NOI, and a 9.3% cap rate. Located near Downtown Hollywood, Young Circle, and major highways, this is a turnkey opportunity for investors or developers.
| MLS # | A11899548 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 356 |
| Listing Provided By | RE/MAX 5 Star Realty | John DeMarco |
| SQ Feet | 1,986 |
|---|---|
| Zoning | PS-1 |
| Acreage | 0.19 |
| Tax Annual Amount | 10212 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWEA Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $995,000 low | high Med: $8,950 sqft: 1,986 low | high Med: 1,750 $ / sqft: $501 low | high Med: $5 On site: 356 low | high Med: 314 | |
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWEA Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $995,000 low | high Med: $8,950 sqft: 1,986 low | high Med: 1,750 $ / sqft: $501 low | high Med: $5 On site: 356 low | high Med: 314 | |