9 Unit Multifamily in Hollywood Hollywood, FL

$1,700,000
Property type: Multifamily

The space

  • Land Size: 10243 Sq Ft
  • Year Built: 1929

Amenities

  • Air conditioning
  • Cable TV
  • City Views
  • Garage / Parking

Description

Nine-unit multifamily apartment building located at 1512 Harrison Street in Hollywood Lakes. 2 blocks away from Downtown Hollywood, an eclectic city known for its array of restaurants from tastes around the world, live music, and entertainment. The property consists of nine fully-leased apartments with a unit mix of three studios, four one-bedroom one-bathroom units and two two-bedroom one-bathroom units.

The property is made up of two buildings. The main building houses seven units while the back building includes two units on the second floor. The first floor has 1,000 SF available for storage as additional income. It was constructed in 1929 with renovations from 2010, including all bathrooms and kitchens while the property itself has had structural and electrical renovations.

Potential buyers can continue operating the property as multifamily, it can be completely converted into short-term rentals, or it can be used as a hybrid of multifamily and short-term rentals.

 

INVESTMENT SUMMARY | Nine-Units Multifamily | Hollywood, FL

Asking Price:
$1,700,000
Zoning:
RS-6
Average Unit Size:
589 SF
Property Type:
Multifamily
Sub Type:
Short Term Rentals 
Living Units:
9
County:
Broward County, FL
Occupancy:
100%
Stories:
2
Lot size:
10,243 SF
Year Built:
1,929
Style:
Apartments, Multifamily, Residential Income
Address:
1512 Harrison St, Hollywood, FL 33020