This multifamily investment 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, lease-up opportunities, and operational improvements. 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. In addition to the existing multifamily income, the assemblage also presents long-term redevelopment potential under the Live Local Act with the ability to develop approximately 325+ units.
- State:
- FL
- County:
- Broward
- City:
- Hollywood
- Zipcode:
- 33020
- Street:
- 1723-1743 Moffett St, Hollywood, Florida 33020
- Longitude:
- W119° 40' 13.7''
- Latitude:
- N34° 5' 52.8''
- Building Area:
- 18,417 Sqft
- Cumulative DOM:
- 6
- DOM:
- 3
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 514222090050
- Structure Type:
- Multi Family
- Tax Annual Amount:
- $66,091
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1723-1743 Moffett St, Hollywood, Florida 33020, Hollywood, Florida 33020
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $6,450,000
- Year Built :
- 1945
- Lot Area :
- 61,718 Sqft
- MLS # :
- A12023429
- Property Sub Type :
- Multi Family
