1723-1743 Moffett St, Hollywood FL 33020
Hollywood, FL 33020
$6,450,000
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- Price
- $6,450,000
- Building size
- 18,417
- Property type
- Income/MultiFamily
- Year built
- 1945
- Lot size (sq ft)
- 61,718
- MLS number
- A12023429
This listing is courtesy of RE/MAX 5 Star Realty, 954-361-0000.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1945
- Lot size (sq ft)
- 61,718
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC