Extraordinary opportunity to develop a picturesque multi-family project, up to 57 units. This half-acre land currently resides in the DH-3 zoning area, Dixie Highway High Intensity Multi-Family District, with the potential to build a 140 ft, modernly designed, apartment building. Based on architectural data, the build can comfortably configure Studios, 1 and 2 Bedroom apartments, with the flexibility to organize between 30-57 units. Hollywood is the perfect multi-family investment location as it’s near excellent restaurants, shopping, a hospital, the Ft Laud/Hollywood International airport, Downtown, I-95, beaches. Fort Lauderdale and Miami making this a high demand area for prospective tenants. Property grosses $6K/m in rent currently but is being sold as is for land value. TEXT FOR APPT.
- Address Undisclosed Address
- City Hollywood
- County Broward
- Zip 33020
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Price
$2,000,000
($314 / SqFt) - Status Active
- Subdivision North Hollywood
- Pets Allowed No
- MLS® # A11663667
- Property Type Residential Income
- Property Sub TypeMulti Family
- Status Active
- Square Feet 6,363
- Year Built 1949
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $13,264
- Tax Year 2023