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Prime investment and redevelopment opportunity in the heart of Hollywood, FL. Set on approximately ½ acre, this corner property comprises four buildings with a total of seven rental units, generating stable income while offering significant long-term upside

611 SOUTH 24TH AVE #1-7, Hollywood

$1,275,000 USD
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Address611 SOUTH 24TH AVE #1-7, Hollywood
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Business LocationCity Location,Corner Lot
Price$1,275,000
Previous Price$1,540,000 (7 days ago)
Property StatusPending
MLS NumberA11928895
Property Size20497
Lot Size20497
Year Built1938
Folio Number514216011660
Zoning InformationDH-2
Days on Market36

Detailed Description: Prime investment and redevelopment opportunity in the heart of Hollywood, FL. Set on approximately ½ acre, this corner property comprises four buildings with a total of seven rental units, generating stable income while offering significant long-term upside. Situated within the DH-2 zoning district, the site allows for future redevelopment of a 4-story, 25–27-unit multifamily project, making it an ideal acquisition for developers, investors, and assemblage strategies seeking scale in a high-growth market. Current Improvements and Unit Mix: Building 1: Single-family home, 2BR / 1BA, rented for $1,800 / month. Building 2: Three-unit structure 1BR / 1BA – $1,500 / month 1BR / 1BA – $1,500 / month 2BR / 1BA – $1,600 / month Building 3: Two 1BR / 1BA units, each rented for $1,500 / month, both with private fenced yards. Building 4: Single-family home, 2BR / 1BA, with private fenced yard, rented for $2,000 / month. The large lot, multi-frontage corner positioning, and flexible zo

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Address Information
StateFlorida
CityHollywood
CountyBroward County
Zip Code33020
Address611 SOUTH 24TH AVE
Business LocationCity Location,Corner Lot
Section16
Zip Code (4 Digits)5334
Financial Information
Price$1,275,000
Price per Foot$0
Previous Price$1,540,000
Folio Number514216011660
Tax Amount$18,154
Type of ContingenciesPending Inspections
Full Descriptions
Detailed DescriptionPrime investment and redevelopment opportunity in the heart of Hollywood, FL. Set on approximately ½ acre, this corner property comprises four buildings with a total of seven rental units, generating stable income while offering significant long-term upside. Situated within the DH-2 zoning district, the site allows for future redevelopment of a 4-story, 25–27-unit multifamily project, making it an ideal acquisition for developers, investors, and assemblage strategies seeking scale in a high-growth market. Current Improvements and Unit Mix: Building 1: Single-family home, 2BR / 1BA, rented for $1,800 / month. Building 2: Three-unit structure 1BR / 1BA – $1,500 / month 1BR / 1BA – $1,500 / month 2BR / 1BA – $1,600 / month Building 3: Two 1BR / 1BA units, each rented for $1,500 / month, both with private fenced yards. Building 4: Single-family home, 2BR / 1BA, with private fenced yard, rented for $2,000 / month. The large lot, multi-frontage corner positioning, and flexible zo
Year Built DescriptionUnknown
Roof DescriptionShingle
Floor DescriptionTile
Water DescriptionPublic
Sewer DescriptionOther, Public Sanitation, Septic Tank
Parking DescriptionCommon
Property parameters
Living Area20497
Lot Size20497
Total Acreage0.000
Zoning InformationDH-2
Maximum Leasable Size20497
Year Built1938
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Construction TypeConcrete Block Construction,Frame With Stucco
Stories Number1
Street DirectionSouth
Listed withKeter Estates LLC