1501 Arthur St Hollywood, FL 33020
- Multifamily properties
- 8,250 SF
- 0.34 lot acres
Current Use by Public Records
- Miami body tempering / Personal Trainer
Property Details for 1501 Arthur St
- Year built
- 1969
- Lot size
- 0.34 lot acres
- Property size
- 8,250 SF
- Property type
- Multifamily properties
Description
This exceptional 10-unit multi-family property, located at 1501 Arthur Street in Hollywood, Florida, presents a compelling investment opportunity. The 8,250 square foot building sits on a sizable 0.34-acre lot (14,800 square feet), offering ample space and potential for future development or expansion. Each of the ten units boasts a comfortable 1-bedroom, 1-bathroom layout, with individual unit sizes ranging from 825 to 900 square feet. The property's strategic location, just three miles from the vibrant Hollywood Beach and Broadwalk, ensures high occupancy rates and strong rental income. Its proximity to major transportation arteries, Port Everglades, and Fort Lauderdale-Hollywood International Airport further enhances its appeal to both residents and businesses. This prime location benefits from a growing residential population and a robust business environment, making it an ideal investment in a rapidly developing market. The asking price of $2,500,000 reflects the exceptional value and potential return on investment this property offers. This is a rare opportunity to acquire a well-maintained, centrally located multi-family property with significant upside potential in a highly sought-after area of South Florida. The property's size and location make it an attractive option for both seasoned investors and those seeking to enter the lucrative South Florida real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.137
- Latitude
- 26.0231
