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    1105 19Th Ave Hollywood, FL 33020

    For Sale
    $1,750,000

    Prime 3-unit building, permit-ready expansion.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a rare chance to acquire a three-unit apartment building located at 1105 S 19th Ave, Hollywood, Florida, 33020. The property, built in 1942, is a single-story structure situated on a 14,500 square foot lot. Currently operating as a three-unit apartment building, this property offers significant upside potential. The existing structure provides immediate cash flow, while the approved building permits for an 18-unit, four-story boutique residential development unlock substantial future value. This permit-approved project eliminates lengthy planning and approval delays, allowing for immediate commencement of construction upon acquisition. The location in a prime area of Hollywood, Florida, ensures strong rental demand and potential for significant appreciation. This is a fast-track investment opportunity, ideal for developers seeking a quick return on investment and substantial long-term growth. The asking price for this turnkey project is $1,750,000. This represents a unique blend of immediate income generation and significant future development potential in a highly desirable location. Don't miss this chance to capitalize on this exceptional opportunity.

    Property Features for 1105 19Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1942
    Stories
    1
    Units
    3

    HighLights

    • $1,750,000 asking price.
    • Three‑unit multifamily apartment building.
    • Built in 1942, one‑story construction.
    • Located at 1105 S 19th Ave, Hollywood, FL 33020 in Broward County.
    • Permit‑approved development opportunity for an 18‑unit, four‑story building on a 14,500 square foot lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1446117
    Latitude
    26.0020227

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    FAQs

    What type of property is this?
    Multifamily property - Prime 3-unit building, permit-ready expansion.
    Where is this multifamily property located?
    The property is located at 1105 19Th Ave Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price.; Three-unit multifamily apartment building.; Built in 1942, one-story construction.
    Request Owner's contact information
    1105 19Th Ave 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
    1105 19Th Ave Hollywood, FL 33020
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