Listed by The Keyes Company Commercial Sales & Leasing
$500,000
MF Income and Land Redevelopment Opportunity
Details
APN 514113030350
Property Type Multifamily, Land
Sub Type Apartment Building, Commercial
Square Footage 731
Units 2
Year Built 1959
Acreage 0.240
Zoning SR7 RM-18
Multifamily | 2 Units
Marketing description
Excellent opportunity to own 0.24 acres zoned DH-2, great for commercial uses, office, multifamily, schools, or places of worship. This property is currently a duplex (1/1 and studio) successfully operating, with upside potential due to lower rents. This is a great opportunity to develop land while taking advantage of an already existing cash flow, or keep as multifamily for the income and potential upside. The duplex may be bought together with an additional 5 units located at 411 Columbus Pkwy, also in Hollywood, for a total of 0.86 acres and $1.4M. Please Call/Text Cami at 561-664-0139 for the offering memorandum and more information.
Investment highlights
- Develop land while taking advantage of an already existing cash flow, or keep as multifamily for the income and potential upside.
- This property is currently a duplex (1/1 and studio) successfully operating, with upside potential due to lower rents.
- 0.24 acres zoned DH-2, great for commercial uses, office, multifamily, schools, or places of worship
- The duplex may be bought together with an additional 5 units located at 411 Columbus Pkwy, also in Hollywood, for a total of 0.86 acres and $1.4M.
- 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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