Multifamily Property – 14 Units in Hollywood, FL – Value-Add Opportunity with Redevelopment Potential
Commercial Sale
Category: Multifamily
Price:$1,700,000
Location: Hollywood, FL
Year Built: 1936
Days on Market: 32
Description:
CASH OFFERS ONLY! Introducing 1215 N 17th Ct, a rare value-add 14-unit multifamily property located east of US1, just 2 minutes from Downtown Hollywood’s vibrant Young Circle, beaches, and restaurants. The property features a desirable unit mix of 8 oversized 1-bed/1-bath units (easily convertible to 2-bed units) and 6 studio units, with a 2015 roof. Currently vacant but once fully rehabbed and occupied, the property can generate over $265,000 in annual gross income, with even greater potential if unit conversions are completed. Situated on a 22,000 sqft double lot with FH-1 zoning, the site offers redevelopment potential for up to 37 units, making this an exceptional investment opportunity.
Please visit Fausto Commercial
Listing Code: 1103158965