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Multi Family For Sale Private Address A11663667 in Hollywood

$2,000,000

Property Highlights

Listing ID A11663667 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Multi Family Living Space 6,363 Sqft/591.14 m2 approx. Building Area 20,638 Sqft/1917.33 m2 approx. Year Built 1949 Time of this property on Rebonus 72 Day(s)

About this Multi Family with Listing ID A11663667

Property Description: 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.

Useful Info

Original List Price:$2,000,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Lease Details

Rent Includes:
  • Other

Land Lot (Parcel) Details

Lot Features:
  • Other
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Ceramic Tile
Stories:1

Property Features

Waterfront:No
Roof:
  • Aluminum
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$13,264

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects No Exemptions

Terms

Occupant Type:
  • Tenant
Buyer Possession:
  • Subject To Tenant Rights
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:NORTH HOLLYWOOD
Senior Community:No

Parking

Parking Total Spaces:10
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Not Available

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Flood ZoneX
Type of AssociationNone
Style Fourplex
FEMA Flood Zone DesignationsX
Subdivision Number10

Zoning and Legal

Tax Legal Description:NORTH HOLLYWOOD 4-1 B LOT 8 LESS W 16,9,10 BLK 12
Real Estate Folio Number (Parcel Number):514203100850
Zoning Description:DH-3
Public Survey Range:51

Listing History

Update/EventDate/Days
Published Date:September 26, 2024 1:23 pm
On Market Date:September 21, 2024
Price Change Date Time:September 21, 2024 7:25 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:September 26, 2024 1:23 pm
Status Last Changed:September 26, 2024 1:23 pm
Photos Last Modified:September 26, 2024 5:35 pm
Last Modified:September 30, 2024 8:07 pm
Days on the Market Reference Date:September 26, 2024
Days on the Market (updated on Last Modified*):5
Cumulative Days on the Market (updated on Last Modified**):5

Additional Information

Lot Size Range:Other Lot Description
Number of Photos:3
Location:,,Other Lot Description
Included:,,
Geographical Area:Hollywood East (3010-3050)
Area:3050
Courtesy of:Platinum Ocean Realty, LLC.
Universal Property Id:US-12011-N-514203100850-R-N

Neighborhood

Postal City:Hollywood