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Hollywood, FL
Offering:
For Sale
Location:
Hollywood, FL 33023
Status:
Active
$1,460,000
Details
Year built:
1959
Lot size:
10,602 sq ft
Parking:
11 spaces
Style:
Detached
Days on market:
98
Annual tax:
$21,434
Type:
Multi-family
MLS ID
A12025025
Virtual tour:
Listed by:
ISRAM Realty & Management (ISRM01)
Listing office phone:
Listing office email:
Listing agent:
Eyal Melamed (3365148)
Features
Description
Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition.
Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.
Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.
Price history
$1,699,000 → $1,460,000
·
Reduced by
$239,000 (14.1%) · 4 price changes
Location
Hollywood, FL 33023 Address hidden at the seller's request.MLS information
Last updated Sep 8, 2026
Deemed reliable but not guaranteed.
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