$6,450,000
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Income/MultiFamily, Commercial Sale
This multifamily investment and redevelopment 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, operational improvements, and long-term redevelopment potential. 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. The assemblage also presents a significant covered land play opportunity with the ability to develop approximately 325+ units under the Live Local Act, making it an attractive opportunity for investors and developers seeking future multifamily density in an improving urban infill location.
This income/multifamily home located at 1723-1743 Moffett St, Hollywood FL 33020 is currently for sale and has been available on Brickellsold for 3 days. This property is listed at $6M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1945. 1723-1743 Moffett St, Hollywood FL 33020 is in Hollywood county Broward County.
