Rare opportunity to acquire a boutique 7-unit multifamily property a short walk from the beach in Hollywood’s desirable North Beach neighborhood. Currently operating as a short-term rental portfolio with city and state licenses in place, this property offers exceptional flexibility — continue the turnkey hospitality operation, convert to long-term rentals, or pursue future redevelopment.
Property Features: 7 units, all 1-bedroom/1-bathroom layouts, all rehabbed in 2023 with NEW ROOF. One-story building with on-site parking on 6,291 SF lot (0.15 acres). . Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify).
Prime Location — a short walk to Hollywood Beach, the Broadwalk, the Intracoastal Waterway, plus restaurants, cafes, shopping, and entertainment.
Investment Highlights: priced at land value; rental income is buyer upside. Operating short-term rental business with licenses in place. Ideal for boutique hospitality, vacation rentals (subject to local regulations), or a long-term multifamily hold. Redevelopment potential under current zoning — strong potential for 3 townhomes (buyer to verify with the city). The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. Buyer to verify all information.
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Hollywood
- Zipcode:
- 33019
- Street:
- 318 Walnut St, Hollywood, Florida 33019
- Longitude:
- W81° 53' 13.5''
- Latitude:
- N26° 3' 2.7''
- Construction Materials
- Flooring
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 514201027300
- Subdivision Name:
- HOLLYWOOD CENTRAL BEACH
- Tax Annual Amount:
- $32,461
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
318 Walnut St, Hollywood, Florida 33019, Hollywood, Florida 33019
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,200,000
- Year Built :
- 1959
- MLS # :
- A12099742
