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1723-1739 Moffett St, Hollywood, FL 33020

$5,000,000

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List Price: $5,000,000
Price Change: ▼ $1,450,000 1794619806
MLS#: A12023429
Status: ACTIVE
Type: Commercial

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Property Description

This multifamily investment opportunity consists of two adjacent parcels totaling 28 apartment units situated on approximately 50,384 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 265+ units.

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Additional Information

Days on Market: 180
Tax Amount: $66,091
Parcel Number: 514222090050
Lot Size: 50,384
Address: 1723-1739 Moffett St, Hollywood
Year Built: 1945
Section: 22