1610 N Dixie Hwy - Apartments FOR SALE


Hollywood, FL 33020- North Central Hollywood
$4,750,000 USD
954-743-7594
1610 N Dixie Hwy, Hollywood, FL for Sale
$4,750,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1610 N Dixie Hwy
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • 48-Unit Mixed-Use Asset – Includes apartments, office, retail, and storage across a flexible layout ideal for repositioning.
  • Major Value-Add Opportunity – Only 13 units occupied; majority of units require rehab, allowing investors to significantly increase income and value
  • 27,393 SF Site with DH-3 Zoning – Allows potential redevelopment of approximately 90 residential units or alternative uses such as warehouse.
  • Attractive Basis – Cash Only – Priced to reflect existing liens/violations, creating a rare chance to acquire below replacement cost.
  • Strategic Location – Minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches.
  • Strong Upside Potential – Ideal for investors seeking reposition, redevelopment, or long-term hold with substantial appreciation potential.

OVERVIEW

Rare opportunity to acquire a 48-unit mixed-use property at 1610 N Dixie Hwy in Hollywood at a true value-add price. The asset consists of apartments, office, retail, and storage across a 27,393 SF lot with DH-3 zoning, allowing for redevelopment potential of approximately 90 residential units or alternative uses such as warehouse. The current unit mix includes 41 studio apartments, 2 one-bedroom/one-bath units, 3 office spaces, 1 retail store, and 1 storage unit. Only 13 units are currently occupied, with the majority vacant and requiring full rehab, creating a significant upside opportunity for investors looking to reposition or redevelop. The property is being sold with existing liens/violations and is priced accordingly for a cash-only buyer. Located just minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches. Opportunities like this rarely hit the market at this basis. priced to move quickly!

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

48

PRICE/UNIT

$98,958

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dixie Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

DH-3

APN/PARCEL ID

51-42-09-05-0520

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.