Listed by The Keyes Company Commercial Sales & Leasing
$900,000
5-Unit Multifamily and Land Development
Details
APN 514113030350
Property Type Multifamily, Land
Sub Type Residential, Commercial
Units 5
Year Built 1959
Acreage 0.860
Zoning SR7 RM-18 and DH-2
5 Unit Multifamily & Land Development
Marketing description
Excellent cash-flow opportunity! Own 5 multifamily units in Hollywood, Florida, successfully running with long-term tenants and upside potential. This property can be enjoyed as-is for an excellent cash flow, or can be redeveloped as single or multifamily with a density of up to 18 du/acre (zoned SR7 RM-18). The unit mix is two studios and three 1/1s 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). The 5 units may be sold together with a duplex at 2322 Johnson Street for a total of 7 units and 0.86 acres. The total price for both properties is $1.4M. Please Call/Text Cami at 561-664-0139 for the offering memorandum and more information.
Investment highlights
- Enjoyed 5-unit excellent cash flow, or redevelop as single or multifamily with a density of up to 18 du/acre (zoned SR7 RM-18).
- Strong location minutes from I-95 with consistent local renter demand
- Long term tenants and upside potential, coin operated laundry on-site
- Opportunity to reposition, replan, or fully redevelop to maximize long-term value
- Upside potential in net income based on Section 8 rent limits for the area - Please inquire
Listing Contacts
Listed by The Keyes Company Commercial Sales & Leasing
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