1118 17Th Ave Hollywood, FL 33020

Exceptional opportunity to acquire a 1968-built, one-story duplex/triplex in Hollywood, Florida, located at 1118 N 17th Ave, 33020. Currently configured as a two-bedroom, one-bathroom residence with a classic tile roof and a detached rear structure suitable for renovation. The property boasts two electrical meters and one water meter, offering flexibility for multifamily use or separate utilities. Conceptual plans (subject to zoning approval) envision a four-story, 24-28 unit luxury complex with 31 parking spaces. This prime location is east of US 1 and just half a mile from Hollywood Beach, presenting a rare chance for a creative developer to capitalize on the area's high demand. The existing structure is in livable condition, providing immediate income potential while redevelopment plans are pursued. The detached rear building, currently used for storage, offers additional development possibilities, such as an efficiency unit or expanded living space, though renovations are required. This property presents a unique blend of immediate income and significant long-term development potential. The asking price is $1,300,000.