Multifamily Apartment Building with Impact
1822 Dixianna Street Hollywood, FL 33020
For Sale
$1,849,000
13-unit apartment complex on a 20,953 sq ft lot with updated kitchens and most units featuring impact glass.
Property Size20,953 SF
Lot Size0.48 Acres
Price / SF$88.25
Days on Market2513
Property Features for 1822 Dixianna Street
General Information
- Standard status
- Active
- Size
- 20,953 SF
- Lot size
- 0.48 Acres
- Property subtype
- Commercial/Industrial / Income/Multi Family
Listing Agency:
Keller Williams Eagle Realty
(305) 757-1700
Listed By:
Jack Coden · License #0687911
(305) 757-1700
Source:
Compass
Added: Sep 6, 2019
Changed: Jul 23
Last Checked: Jul 23 at 12:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This 13-unit multifamily apartment complex is offered for sale with seller financing. The property sits on a 20,953 sq ft lot and includes 13 parking spots. Unit mix consists of eight efficiencies, four one-bedroom units, and one two-bedroom/two-bath unit. All units feature updated kitchens, and most units have impact glass; Units 5 and 6 have been totally remodeled.
Zoned C2 (mixed-use commercial), the property may be converted to uses such as a hotel or medical center, or developed into a 10-story building, subject to applicable approvals. The complex is located one block west of Federal Highway. Most tenants are month-to-month, with some renters staying as long as nine years.
Financial projections provided include projected gross income of $177,540 and projected expenses of $36,395, resulting in projected net income of $141,145 (cap rate listed as 7.84%). Please do not approach tenants.
Zoned C2 (mixed-use commercial), the property may be converted to uses such as a hotel or medical center, or developed into a 10-story building, subject to applicable approvals. The complex is located one block west of Federal Highway. Most tenants are month-to-month, with some renters staying as long as nine years.
Financial projections provided include projected gross income of $177,540 and projected expenses of $36,395, resulting in projected net income of $141,145 (cap rate listed as 7.84%). Please do not approach tenants.
Key Highlights
- 13‑unit apartment complex on a 20,953 sq ft lot, located 1 block west of Federal Highway
- Zoned C2 (mixed‑use commercial) with potential uses including hotel, medical center, or development of a 10‑story building
- Projected gross income of $177,540 with projected expenses of $36,395 and net income of $141,145 (cap rate 7.84%)
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 13-unit apartment complex on a 20,953 sq ft lot with updated kitchens and most units featuring impact glass.
Where is this apartment building located?
The property is located at 1822 Dixianna Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: 13‑unit apartment complex on a 20,953 sq ft lot, located 1 block west of Federal Highway; Zoned C2 (mixed‑use commercial) with potential uses including hotel, medical center, or development of a 10‑story building; Projected gross income of $177,540 with projected expenses of $36,395 and net income of $141,145 (cap rate 7.84%)
