Commercial property in Hollywood, Florida № 2257181

Property description

This multifamily investment opportunity consists of three adjacent parcels totaling 36 apartment units situated on approximately 61,718 SF in the rapidly growing Hollywood rental market. The portfolio currently generates strong in-place rental income with additional upside through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units have been updated with renovated interiors while the properties benefit from strong tenant demand and a central location near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. In addition to the existing multifamily income, the assemblage also presents long-term redevelopment potential under the Live Local Act with the ability to develop approximately 325+ units.