Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition.
Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.
Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.
Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.
Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.
Property Details
Price:
$1,460,000
MLS #:
A12025025
Status:
Active
Beds:
0
Baths:
0
Address:
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Hollywood
Listed Date:
Jun 2, 2026
State:
FL
Total Sq Ft:
4,471
ZIP:
33023
Year Built:
1959
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Schools
Interior
Exterior
Construction Materials
Concrete Block Construction
Parking Features
Assigned
Parking Spots
11
Security Features
Security Fence
Financial
Taxes
$21,434
Map
Community
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