Property Description

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.

Address Map
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''
MLS Addon
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
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Commercial Sale For Sale

1723-1743 Moffett St, Hollywood, Florida 33020, Hollywood, Florida 33020

61,718 Sqft
$6,450,000
MLS # #A12023429
Basic Details
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
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