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    1928 Mckinley St Hollywood, FL 33020

    For Sale
    $1,740,000

    Four-unit apartment building, strong income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Hollywood, Florida multifamily property, located at 1928 McKinley Street, presents a compelling investment opportunity. The 1946-built, single-story building comprises four units situated on a rare double lot. Currently generating a substantial monthly income of $9,500, this property offers immediate cash flow. The existing building consists of three 3-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit. Beyond its current income potential, this property holds significant long-term value. Preliminary plans exist for a substantial redevelopment project, envisioning a 15-unit residential complex. The property's zoning allows for a diverse range of uses, including multi-family residential, bed and breakfast inn, assembly of pre-manufactured parts, food processing, museums, art galleries, day care facilities, places of worship, meeting halls, fraternal lodges, and schools. This prime location in an up-and-coming area of Hollywood, Florida (zip code 33020, Broward County) offers investors and developers alike a chance to capitalize on a thriving market. The asking price for this remarkable property is $1,740,000. Don't miss this chance to acquire a high-yield investment with significant upside potential.

    Property Features for 1928 Mckinley St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1946
    Stories
    1
    Units
    4

    HighLights

    • Exceptional Hollywood, FL multifamily investment opportunity at 1928 McKinley Street.
    • Four‑unit, single‑story building on a double lot, built in 1946.
    • Strong current cash flow: $9,500 monthly income.
    • Unit mix: three 3/2 units and one 1/1 unit.
    • Significant redevelopment potential: preliminary plans for a 15‑unit complex.
    • Flexible zoning allows for various uses, including multifamily residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    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
    -80.146376
    Latitude
    26.0241465

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, strong income.
    Where is this multifamily property located?
    The property is located at 1928 Mckinley St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,740,000.
    What are key features of this property?
    This property features: Exceptional Hollywood, FL multifamily investment opportunity at 1928 McKinley Street.; Four-unit, single-story building on a double lot, built in 1946.; Strong current cash flow: $9,500 monthly income.
    Request Owner's contact information
    1928 Mckinley 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
    1928 Mckinley St Hollywood, FL 33020
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