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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

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    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.
    (954) 453-1000
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    1910 Washington St Hollywood, FL 33020
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    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
    1910 Washington St Hollywood, FL 33020
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