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    2351 Thomas St Hollywood, FL 33020

    For Sale
    $1,199,999

    Prime Hollywood location, approved plans, high rental potential.

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a rare chance to acquire a 18,000 square foot multifamily property in the thriving Hollywood, Florida market. Located at 2351 Thomas St, in Broward County, zip code 33020, this property consists of two, three-story buildings constructed in 1959. The sale includes a complete set of approved plans for the development of seven luxurious three-story townhomes, offering a lucrative path to immediate development. Alternatively, approved plans for an 18-unit residential building are also available, providing flexibility for various investment strategies. This central location boasts proximity to major highways, beaches, and entertainment venues, with convenient access to Downtown Fort Lauderdale (15 minutes) and Downtown Miami (25 minutes). The strong rental market presents a compelling opportunity for long-term ownership and income generation, or the potential to individually sell each unit at a premium. The seller is open to considering joint venture proposals. Detailed plans are available for review upon request.

    Property Features for 2351 Thomas St

    General Information

    Property type
    Multifamily properties
    Square Feet
    18,000 SF

    Building Details

    Year Built
    1959
    Buildings
    2
    Stories
    3

    HighLights

    • $1,199,999 asking price.
    • Multifamily property with 18,000 square feet.
    • Two, three‑story buildings built in 1959.
    • Located at 2351 Thomas St, Hollywood, FL 33020, in Broward County.
    • Approved plans for 7 luxury townhomes and an 18‑unit residential building.
    • Prime location near major highways, beaches, and entertainment; 15 minutes from Downtown Fort Lauderdale, 25 minutes from Downtown Miami.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hollywood Roofers Roofing Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.155131
    Latitude
    26.0318101

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    FAQs

    What type of property is this?
    Multifamily property - Prime Hollywood location, approved plans, high rental potential.
    Where is this multifamily property located?
    The property is located at 2351 Thomas St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,199,999.
    What are key features of this property?
    This property features: $1,199,999 asking price.; Multifamily property with 18,000 square feet.; Two, three-story buildings built in 1959.
    Request Owner's contact information
    2351 Thomas St 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
    2351 Thomas St Hollywood, FL 33020
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