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- (305) 790-0199
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1962
Sq.Footage
N/A
22 unit building in the heart of Hollywood with additional value add potential! 8 two bedrooms units and 14 one bedroom units has a monthly income of $37,600, net operating income (NOI) of $306,285 and a cap rate of 6.96%.Building has 22 parking spaces with additional street parking, gated entry, coin laundry and security cameras. Additionally, this property sits on a DH-3 zoned lot, allowing for huge potential redevelopment. Located in the Dixie Highway Mixed Use District, property can be up to 10 stories or max 140 Ft. Potential use as Retail, Hotel, Multi-Family or Mixed Use making it an attractive option for investors looking to capitalize on future growth opportunities in the area.
Features & Amenities
Interior
Area & Lot
-
Property Type
Residential Income
-
Architectural Style
Fourplex
Exterior
-
Garage
No
-
Construction Materials
Block
Financial
-
Sales Price
$4,400,000
-
Tax Amount
47227.0
-
Zoning
DH-3
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Florence Khan , Reaction Realty Group, Inc.
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Realtor
JarrodGaylis
Call Jarrod today to schedule a private showing.
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