0 Nondisclosed Greene St Hollywood, FL 33020

This Hollywood, Florida apartment building presents a compelling redevelopment opportunity. The property, located east of I-95, boasts nine fully renovated units (five 1-bedroom and four 2-bedroom) in a prime location just 10 minutes from the beach, Fort Lauderdale Airport, and Oakwood Plaza. It's also a short drive from Dania Pointe. The 4,617 square foot building sits on a 4,658 square foot lot and features eight parking spaces. Currently operating at 100% occupancy with month-to-month tenants, three units are subleased as short-term rentals, offering significant income potential. Built in 1962, this Class B property offers a strong 7.16% cap rate and a Net Operating Income (NOI) of $179,000, with an asking price of $2,500,000. The permitted zoning is multifamily. Individual unit rents range from $1,700 to $2,200 per month. This is an exceptional investment opportunity in a high-demand rental market. The property's strong cash flow and prime location make it an attractive proposition for investors seeking immediate returns and future appreciation. The below-market rental rates present a clear opportunity to increase profitability.