307 24Th AveHollywood, FL 33020

This exceptional investment opportunity presents a prime 8,000 square foot corner lot in the heart of Hollywood, Florida, with an already approved site plan for a lucrative multi-family development. The approved plans detail a four-story building encompassing over 11,700 square feet of climate-controlled space. This thoughtfully designed building will feature twelve one-bedroom units and fourteen convenient parking spaces for residents. Its strategic location just off Hollywood Boulevard, near Young Circle, and a short 2.8-mile drive to the beach offers unparalleled convenience and desirability. Adding to its appeal, the property is within a half-mile radius of Ben Gamla Charter School, catering to families and enhancing its rental potential. The property's strong potential for return on investment is further amplified by its current status: a tenant-occupied house generating a monthly rental income of $2,700, providing immediate cash flow while development plans are implemented. This allows for a seamless transition into the construction phase without incurring immediate expenses. This is a rare chance to capitalize on Hollywood's thriving real estate market and secure a significant return on investment. The asking price for this exceptional property is $1,200,000. Don't miss this chance to be a part of Hollywood's future. The property is located at 307 S 24th Ave, Hollywood, FL 33020.