EXCELLENT CASH-FLOW OPPORTUNITY! OWN 5 MULTIFAMILY UNITS IN HOLLYWOOD, FLORIDA, SUCCESSFULLY RUNNING WITH LONG-TERM TENANTS AND UPSIDE POTENTIAL. THE UNIT MIX IS TWO STUDIOS AND THREE 1/1'S IN A PEACEFUL, WELL-MAINTAINED NEIGHBORHOOD JUST 2 MILES FROM I-95. THERE IS A LAUNDRY ROOM ON SITE WITH A COIN OPERATED WASHER/DRYER (LEASED MACHINES). THIS PROPERTY CAN BE ENJOYED AS-IS FOR AN EXCELLENT CASH-FLOW, OR CAN BE REDEVLOPED AS SINGLE OR MULTIFAMILY WITH A DENSITY OF UP TO 18 DU/ACRE (ZONED SR7 RM-18). THE PROPERTY MAY BE SOLD TOGETHER WITH DUPLEX AT 2322 JOHNSON STREET FOR A TOTAL OF 7 UNITS AND 0.86 ACRES. THE TOTAL PRICE FOR BOTH PROPERTIES IS $1.4M. UPSIDE POTENTIAL IN RENT INCOME BASED ON GOVERNMENT HOUSING ASSISTANCE RENT LIMITS FOR THE AREA. PLEASE INQUIRE FOR MORE INFORMATION.
| MLS # | R11164600 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 192 |
| Listing Provided By | The Keyes Company | Federico Rochwerger PA |
| Bath(s) | 5 |
|---|---|
| SQ Feet | 2,235 |
| Story(s) | 1 |
| Units | 5 |
| Zoning | SR7 RM-18 |
| Acreage | 0.62 |
| Lot Features | City Lot |
|---|
| Tax Annual Amount | 13473 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33021 |
| Area | 3070 |
| Listing VS Median (in 33021) | |
Price: $900,000 low | high Med: $157,000 sqft: 2,235 low | high Med: 880 $ / sqft: $403 low | high Med: $178 On site: 192 low | high Med: 92 | |
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33021 |
| Area | 3070 |
| Listing VS Median (in 33021) | |
Price: $900,000 low | high Med: $157,000 sqft: 2,235 low | high Med: 880 $ / sqft: $403 low | high Med: $178 On site: 192 low | high Med: 92 | |