1741-1743 Moffett St, Hollywood, FL 33020

$1,500,000

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List Price
$1,500,000
MLS#
A12023451
Status
ACTIVE
Type
Commercial

Property Description

1741–1743 Moffett Street is an 8-unit multifamily investment opportunity located in the rapidly growing Hollywood rental market. The property consists of two adjacent multifamily buildings situated on approximately 11,334 SF currently generating 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 while the property benefits 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 site also presents future long-term redevelopment opportunity under the Live Local Act with the ability to develop approximately 60+ units.

Additional Information

Days on Market
71
Tax Amount
$27,544
Parcel Number
514222090040
Lot Size
11,334
Address
1741-1743 Moffett St, Hollywood
Year Built
1953
Section
22

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Listing Courtesy of RE/MAX 5 Star Realty, Contact: