1935 Lincoln St Hollywood, FL 33020

This exceptional 0.59-acre (26,077 sq ft) lot in Hollywood, Florida, presents a fully approved opportunity to develop a 48-unit boutique apartment building. Located just blocks from Young Circle and the Central Business District, this prime site boasts ND-2 zoning and approved plans for a five-story structure. The proposed design includes 36 one-bedroom, one-bathroom units and 12 two-bedroom, two-bathroom units, averaging 794 square feet of air-conditioned space. Amenities include a rooftop deck and second-floor indoor amenities, along with tuck-under parking. The current month-to-month rental income generates $120,000 annually, providing a revenue stream until construction commences. The property's location in Hollywood, between Miami and Fort Lauderdale, benefits from a strong economy, favorable demographics, and high demand for rental housing. The asking price is $2,875,000, representing approximately $110 per square foot. Parcel numbers are 514215012750 & 514215012720. This is a turnkey opportunity to capitalize on Hollywood's thriving residential market.