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    206 S 15Th Ave, Unit 1-6 Hollywood, FL 33020

    For Sale
    $1,600,000

    Six-unit multifamily property in Hollywood Lakes area, near beach.

    Lot size:
    0.08 Acres

    Property Features for 206 S 15Th Ave

    General Information

    Lot size
    0.08 Acres

    Source: Fausto Commercial Realty Consultants Inc Agent Elior Levi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Multifamily Investment Opportunity

    This is a six-unit multifamily property situated on a corner lot in the Hollywood Lakes area of downtown Hollywood. The property comprises two buildings with a unit mix of two 2-bed/1-bath units, three 1-bed/1-bath units, and one studio. The property is fully leased and includes a coin-operated laundry room. It is located near restaurants, bars, shopping, and is just minutes from the beach. Recent improvements include a new roof and updated landscaping. The projected pro forma gross income is expected to increase to $142,400 annually.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1371627
    Latitude
    26.0104621

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in Hollywood Lakes area, near beach.
    Where is this apartment building located?
    The property is located at 206 S 15Th Ave, Unit 1-6 Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Prime location in the sought-after Hollywood Lakes area of downtown Hollywood.; - Fully leased 6-unit multifamily property with a balanced unit mix (two 2/1s, three 1/1s, one studio).; - Projected pro forma gross income of $142,400 annually.
    (954) 743-7594
    Request Owner's contact information
    206 S 15Th Ave, Unit 1-6 Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 S 15Th Ave, Unit 1-6 Hollywood, FL 33020
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