$500,000

About this property

EXCELLENT OPPORTUNITY TO OWN 0.24 ACRES ZONED DH-2, GREAT FOR COMMERCIAL USES, OFFICE, MULTIFAMILY, SCHOOLS, OR PLACES OF WORSHIP. THIS PROPERTY IS CURRENTLY A DUPLEX (1/1 AND STUDIO) SUCCESSFULLY OPERATING, WITH UPSIDE POTENTIAL DUE TO LOWER RENTS. THIS IS A GREAT OPPORTUNITY TO DEVELOP LAND WHILE ADVANTAGING FROM AN ALREADY EXISTING CASH-FLOW OR KEEP AS MULTIFAMILY FOR THE INCOME AND POTENTIAL UPSIDE. THE DUPLEX MAY BE BOUGHT TOGETHER WITH AN ADDITIONAL 5 UNITS LOCATED AT 411 COLUMBUS PKWY ALSO IN HOLLYWOOD, FOR A TOTAL OF 0.86 ACRES AND $1.4M. UPSIDE POTENTIAL IN RENT INCOME BASED ON GOVERNMENT HOUSING ASSISTANCE RENT LIMITS FOR THE AREA. PLEASE INQUIRE FOR MORE INFORMATION.