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$2,000,000
Est. payment /mo
6,363 SqFt
UPDATED:
09/30/2024 08:07 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,363 sqft
Price per Sqft $314
Subdivision North Hollywood
MLS Listing ID A11663667
Construction Status Resale
HOA Y/N No
Year Built 1949
Annual Tax Amount $13,264
Tax Year 2023
Property Description
Extraordinary opportunity to develop a picturesque multi-family project, up to 57 units. This half-acre land currently resides in the DH-3 zoning area, Dixie Highway High Intensity Multi-Family District, with the potential to build a 140 ft, modernly designed, apartment building. Based on architectural data, the build can comfortably configure Studios, 1 and 2 Bedroom apartments, with the flexibility to organize between 30-57 units. Hollywood is the perfect multi-family investment location as it’s near excellent restaurants, shopping, a hospital, the Ft Laud/Hollywood International airport, Downtown, I-95, beaches. Fort Lauderdale and Miami making this a high demand area for prospective tenants. Property grosses $6K/m in rent currently but is being sold as is for land value. TEXT FOR APPT.
Location
State FL
County Broward
Community North Hollywood
Area 3050
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Aluminum
Total Parking Spaces 10
Building
Lot Description Other
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 514203100850
Special Listing Condition Listed As-Is
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Listed by Platinum Ocean Realty, LLC.
Learn More About LPT Realty