1215 17Th Ct Hollywood, FL 33020

Property Details for 1215 17Th Ct

Year built

1936

Lot size

0.51 lot acres

Property size

5,505 SF

Property type

Multifamily properties

Description

This exceptional 14-unit multifamily property in Hollywood, Florida presents a compelling value-add investment opportunity. Located at 1215 N 17th Ct, this property boasts a prime location just two minutes from the bustling Young Circle, pristine beaches, and diverse culinary scene of Downtown Hollywood. The property sits on a sizable 0.51-acre double lot (22,000 sqft) and benefits from FH-1 zoning, allowing for significant redevelopment potential, with the possibility of up to 37 units. The existing building comprises a desirable mix of eight oversized one-bedroom, one-bathroom units (easily convertible to two-bedroom units) and six studio units. The roof was recently replaced in 2015. Currently vacant, this property offers significant upside potential. Once fully renovated and occupied, the property is projected to generate over $265,000 in annual gross income, with even greater potential achievable through unit conversions. Seller financing is available, making this an attractive proposition for investors seeking a strong return on investment and significant long-term growth. The 5,505 square foot building presents a rare chance to acquire a multifamily property with substantial upside in a highly desirable location. Don't miss this chance to capitalize on this exceptional opportunity.