1212 22Nd Ave Hollywood, FL 33020

This charming 1959-built, single-story duplex in Hollywood, Florida, presents a compelling investment opportunity. Located at 1212 N 22nd Ave, 33020, this two-unit property offers immediate income potential with below-market rents and month-to-month tenants. Each unit features a distinct layout; one is a 2-bedroom, 1-bathroom, and the other is a 1-bedroom, 1-bathroom. The property's strategic location places it in close proximity to downtown Hollywood and its beautiful beaches, ensuring high tenant demand. The asking price is $430,000, representing a significant value for investors seeking a quick return. This property is zoned multifamily, potentially allowing for expansion. Preliminary research suggests the possibility of developing up to three stories and eight units, subject to local zoning regulations and approvals. This presents a unique opportunity for developers to capitalize on the property's potential for increased rental income or a larger-scale multifamily project. The current condition offers a chance to renovate and increase rental income or to embark on a more substantial development project. Don't miss this chance to acquire a highly sought-after property in a thriving location. Act quickly, as this opportunity won't last.