1928 Mckinley St Hollywood, FL 33020
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1928 Mckinley St
- Year built
- 1946
- Property type
- Small apartment buildings
Description
This exceptional Hollywood, Florida multifamily property, located at 1928 McKinley Street, presents a compelling investment opportunity. The 1946-built, single-story building comprises four units situated on a rare double lot. Currently generating a substantial monthly income of $9,500, this property offers immediate cash flow. The existing building consists of three 3-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit. Beyond its current income potential, this property holds significant long-term value. Preliminary plans exist for a substantial redevelopment project, envisioning a 15-unit residential complex. The property's zoning allows for a diverse range of uses, including multi-family residential, bed and breakfast inn, assembly of pre-manufactured parts, food processing, museums, art galleries, day care facilities, places of worship, meeting halls, fraternal lodges, and schools. This prime location in an up-and-coming area of Hollywood, Florida (zip code 33020, Broward County) offers investors and developers alike a chance to capitalize on a thriving market. The asking price for this remarkable property is $1,740,000. Don't miss this chance to acquire a high-yield investment with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.146376
- Latitude
- 26.0241465
