Commercial Real Estate

CommercialSaleMultifamilyFLHollywood1723-1743, Moffett St, Hollywood, FL, 33020

1723-1743 Moffett St

1723-1743, Moffett St, Hollywood, FL, 33020
    $6,450,000
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    Basics

    Description

    • Description:

      HOLLYWOOD SOUTH SIDE ADD 3-16 B LOT 6 TO 11 BLK 1 This multifamily investment opportunity consists of three adjacent parcels totaling 36 apartment units situated on approximately 61,718 SF in the rapidly growing Hollywood rental market. The portfolio currently generates strong in-place rental income with additional upside through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units have been updated with renovated interiors while the properties benefit from strong tenant demand and a central location near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. In addition to the existing multifamily income, the assemblage also presents long-term redevelopment potential under the Live Local Act with the ability to develop approximately 325+ units.

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    Building Details

    • Structure Type: MultiFamily
    • Covered Spaces: 0

    Expenses, Fees & Taxes

    • Tax Annual Amount: $66,091

    Miscellaneous

    • List Office Name: RE/MAX 5 Star Realty

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    This -type commercial real estate is located in 1723-1743, Moffett St, Hollywood, FL, 33020 was built in 1945, and is listed at $6,450,000.

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