1711 Buchanan St Hollywood, FL 33020

Exceptional investment opportunity in Hollywood, Florida's desirable Hollywood Lakes area, east of US-1. This 1951-built, one-story fourplex at 1711 Buchanan St, features four 1-bedroom, 1-bathroom units, all currently occupied, generating a monthly income of $5,200. The property boasts a single electric and water meter, simplifying management. Located in a prime location, just minutes from Young Circle and the beach, this property presents significant upside potential by increasing rents to market rates. Furthermore, the property sits on an FH2 zoned lot, offering substantial redevelopment potential. The zoning allows for the construction of up to 22 residential units in a building up to 14 stories high, presenting a lucrative opportunity for future expansion or a complete redevelopment project. The asking price is $799,000. This is a rare chance to acquire a well-performing multifamily property with significant long-term growth potential in a highly sought-after location. The property's strong cash flow and redevelopment potential make it an ideal investment for both seasoned and new investors. Don't miss this chance to secure a piece of Hollywood's thriving real estate market.