1219 17Th Ave Hollywood, FL 33020

This exceptional multifamily investment opportunity presents a five-unit apartment building situated on a double lot at 1219/1221 N 17th Ave, Hollywood, Florida 33020. Built in 1951, this one-story property comprises two buildings and features five units, each with its own meter. The unit mix includes three two-bedroom apartments and two large studios. Currently, all units are rented, generating a gross annual income of $90,300. Many rents are below market value, presenting a significant opportunity to increase profitability. The property has been reasonably maintained, and the rear flat roof has recently undergone resealing. Ample tenant parking is available. This prime location is east of US-1, close to Downtown Hollywood's vibrant amenities, including restaurants, Publix supermarket, banks, and nightlife. It's just five minutes from Hollywood Beach and offers convenient access to major highways, Fort Lauderdale-Hollywood International Airport, and Miami International Airport. The area is experiencing significant growth, offering substantial potential for future appreciation. The owners are considering offers.