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    2015 Coolidge St Hollywood, FL 33020

    For Sale
    $2,000,000

    Half-acre lot, high-density zoning, 57-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional half-acre property in Hollywood, Florida (2015 Coolidge St, 33020), presents a remarkable multifamily development opportunity. Currently zoned DH-3 (Dixie Highway High Intensity Multi-Family District), this 1949-built, single-story structure sits on a prime location offering significant upside potential. The existing building generates $6,000 per month in gross rent, but the sale price reflects the land value, making this a compelling investment for developers. Architectural plans suggest the possibility of constructing a modern, approximately 140-foot tall apartment building, accommodating between 30 and 57 units, ranging from studios to two-bedroom apartments. The property's strategic location near excellent restaurants, shopping centers, a hospital, Fort Lauderdale/Hollywood International Airport, downtown Hollywood, I-95, and beaches, coupled with its proximity to Fort Lauderdale and Miami, ensures high tenant demand. This is an extraordinary chance to capitalize on the thriving Hollywood, Florida multifamily market. The asking price is $2,000,000. Contact for appointment.

    Property Features for 2015 Coolidge St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1949
    Stories
    1

    HighLights

    • Exceptional multifamily development opportunity on a half‑acre lot in Hollywood, FL (2015 Coolidge St, 33020).
    • Currently zoned DH‑3, allowing for high‑density multifamily development.
    • Existing single‑story building (1949) generates $6,000/month in gross rent; sale price reflects land value.
    • Architectural plans indicate potential for a ~140‑foot, 30‑57 unit apartment building (studios to 2BR).
    • Prime location near amenities, including airport, I‑95, beaches, and major employment centers; high tenant demand.
    • Asking price: $2,000,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.1477865
    Latitude
    26.0291134

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    FAQs

    What type of property is this?
    Multifamily property - Half-acre lot, high-density zoning, 57-unit potential.
    Where is this multifamily property located?
    The property is located at 2015 Coolidge St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Exceptional multifamily development opportunity on a half-acre lot in Hollywood, FL (2015 Coolidge St, 33020).; Currently zoned DH-3, allowing for high-density multifamily development.; Existing single-story building (1949) generates $6,000/month in gross rent; sale price reflects land value.
    Request Owner's contact information
    2015 Coolidge 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
    2015 Coolidge St Hollywood, FL 33020
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