Description
This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.
Details
| MLS # | A12070949 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 15 |
| Listing Provided By | Worth International Realty, Inc | Teresa Rios |
Features
| Zoning | FH-2 |
|---|---|
| Acreage | 16377.00 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 7329 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $1,200,000 low | high Med: $6,000 On site: 15 low | high Med: 14 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $1,200,000 low | high Med: $6,000 On site: 15 low | high Med: 14 | |
 | $1,200,0001841 Mayo StHollywood, FL 33020 |
 | $1,200,0001841 Mayo StHollywood, FL 33020 |
 | $1,200,0001841 Mayo StreetHollywood, FL 33020 |
 | $1,200,0001841 Mayo StreetHollywood, FL 33020 |
 | $580,0001846 Wiley StreetHollywood, FL 33020 |