1910 Washington St, Hollywood FL 33020
Hollywood, FL 33020
$995,000
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- Price
- $995,000
- Building size
- 1,986
- Property type
- Income/MultiFamily
- Year built
- 1949
- Lot size (sq ft)
- 8,283
- MLS number
- A11899548
This listing is courtesy of RE/MAX 5 Star Realty, 954-361-0000.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1949
- Lot size (sq ft)
- 8,283
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC