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1910 Washington St Hollywood, FL 33020

For Sale
$995,000

Shovel-ready 9-unit multifamily development in Hollywood, Florida.

Lot size:
0.19 Acres

Property Features for 1910 Washington St

General Information

Lot size
0.19 Acres

Building Details

Year built
1949

Source: RE/MAX 5 Star Realty Agent John DeMarco

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


Overview

Approved Multifamily Development Opportunity

This property presents a fully approved, shovel-ready 9-unit multifamily development opportunity located in Hollywood, Florida. The site features a 1,986 square foot duplex situated on an 8,283 square foot lot, zoned PS-1. The existing duplex is currently leased to two tenants, generating $5,000 per month in income. Approved plans are in place for a modern 9-unit building, complete with 10 parking spaces and landscaping designed to meet all city standards. Upon stabilization, the project is projected to generate $295,000 in gross annual income and a net operating income of $222,750, representing a 9.3% cap rate. The property's location offers proximity to Downtown Hollywood, Young Circle, and major highways, making it a turnkey opportunity for investors and developers.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
-80.1451816
Latitude
26.0038173

FAQs

What type of property is this?
Apartment building - Shovel-ready 9-unit multifamily development in Hollywood, Florida.
Where is this apartment building located?
The property is located at 1910 Washington St Hollywood, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: - Fully approved, shovel-ready 9-unit multifamily development project.; - Projected $222,750 NOI and a 9.3% cap rate once stabilized.; - Existing duplex generates $5,000/month in rental income.
More about this property
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