Property Description
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.
Address Map
- State:
- FL
- County:
- Broward
- City:
- Hollywood
- Zipcode:
- 33020
- Street:
- 1910 Washington St, Hollywood, Florida 33020
- Longitude:
- W119° 40' 13.7''
- Latitude:
- N34° 5' 52.8''
MLS Addon
- Building Area:
- 1,986 Sqft
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 514222100840
- Structure Type:
- Apartment, Multi Family
- Tax Annual Amount:
- $10,212
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1910 Washington St, Hollywood, Florida 33020, Hollywood, Florida 33020
8,283 Sqft
$995,000
MLS # #A11899548
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $995,000
- Year Built :
- 1949
- Lot Area :
- 8,283 Sqft
- MLS # :
- A11899548
- Property Sub Type :
- Multi Family
