1910 Washington St - Residential Income FOR SALE


Hollywood, FL 33020- Parkside
$995,000 USD
1910 Washington St, Hollywood, FL for Sale
$995,000 USD
Residential Income - FOR SALE
1/11
null | 4.52% Cap Rate

1910 Washington St
Hollywood, FL 33020
Parkside


HIGHLIGHTS

  • East Hollywood Redevelopment Opportunity
  • A++ Location in Desirable Hollywood
  • Approved for a 9-Unit Multifamily Building
  • Shovel-Ready with Full Permits
  • Perfect for a developer or Investor!

OVERVIEW

The subject property is a fully approved, shovel-ready multifamily development opportunity located in the heart of Hollywood, Florida. It currently features a 1,986± SF duplex on an 8,283± SF lot with full permits in hand for a modern 9-unit apartment building. The property is currently occupied by two month-to-month tenants, generating $5,000 per month. The approved plans include efficient layouts, 10 on-site parking spaces, and landscaping designed to meet all City standards. Once stabilized, the project is projected to generate a gross annual income of approximately $305,000, with an estimated NOI of $220,000 and a pro forma cap rate of 9.3%. Ideally situated near Downtown Hollywood, Young Circle, and major highways, the property provides excellent access and strong rental demand. This is a turnkey opportunity for developers or investors looking to build in one of Broward County’s fastest-growing multifamily markets.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$501 USD /SF

CAP RATE

4.52%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

PS-1

APN/PARCEL ID

51-42-22-10-0840

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info

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John DeMarcoRE/MAX 5 Star RealtyMore Info

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