The Subject property is a fully approved, shovel-ready 9-unit multifamily development in the heart of Hollywood, Florida. The property features a 1,986± SF duplex on an 8,283± SF lot (PS-1 zoning), currently leased to two tenants generating $5,000 / month.

1910 WASHINGTON ST, Hollywood

$995,000 USD
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Address1910 WASHINGTON ST, Hollywood
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Price$995,000
Property StatusActive
MLS NumberA11899548
Property Size8283
Lot Size8283
Year Built1949
Folio Number514222100840
Zoning InformationPS-1
Days on Market163

Detailed Description: The Subject property is a fully approved, shovel-ready 9-unit multifamily development in the heart of Hollywood, Florida. The property features a 1,986± SF duplex on an 8,283± SF lot (PS-1 zoning), currently leased to two tenants generating $5,000 / month. Approved plans include a modern 9-unit building, 10 parking spaces, and landscaping designed to meet all city standards. Once stabilized, the project is expected to produce $295k in gross annual income, $222,750 NOI, and a 9.3% cap rate. Located near Downtown Hollywood, Young Circle, and major highways, this is a turnkey opportunity for investors or developers.

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Address Information
StateFlorida
CityHollywood
CountyBroward County
Zip Code33020
Address1910 WASHINGTON ST
Section22
Zip Code (4 Digits)6046
Financial Information
Price$995,000
Price per Foot$0
Folio Number514222100840
Tax Amount$10,212
Full Descriptions
Detailed DescriptionThe Subject property is a fully approved, shovel-ready 9-unit multifamily development in the heart of Hollywood, Florida. The property features a 1,986± SF duplex on an 8,283± SF lot (PS-1 zoning), currently leased to two tenants generating $5,000 / month. Approved plans include a modern 9-unit building, 10 parking spaces, and landscaping designed to meet all city standards. Once stabilized, the project is expected to produce $295k in gross annual income, $222,750 NOI, and a 9.3% cap rate. Located near Downtown Hollywood, Young Circle, and major highways, this is a turnkey opportunity for investors or developers.
Property parameters
Living Area8283
Lot Size8283
Total Acreage0.000
Zoning InformationPS-1
Maximum Leasable Size8283
Year Built1949
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Listed withRE/MAX 5 Star Realty