1845 Pembroke Rd 3-22, Hollywood, FL 33020 — MLS photo

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1845 Pembroke Rd 3-22, Hollywood, FL 33020

Active · Condominium

$163,000

1845 Pembroke Rd 3-22, Hollywood, FL 33020

Beds
1
Baths
1
Living area
440 sq ft
$ / sq ft
$370/sq ft
Year built
1954
Lot size
—
HOA fee
$338 Monthly
Annual tax
$2,629

About this property

Investor Opportunity in the heart of Hollywood — Purchase One or All Three. Offered at $163,000 per unit or all three units for $489,000, this is a rare chance to control multiple condos within the same building — a strategic advantage not often available. The owner is selling three individual units all 1 bed, 1 bath, creating an exceptional opportunity for investors seeking immediate cash flow today and long-term upside tomorrow. All units are tenant-occupied, providing instant income and making this an ideal 1031 exchange opportunity. You’re stepping into performing assets with built-in revenue from day one. But this offering is more than just three condos — it’s about future positioning. Located in a prime area of Hollywood, the property sits on valuable land with favorable zoning that allows for increased building height. As zoning changes continue to encourage vertical growth, the long-term redevelopment potential becomes a significant factor. Controlling multiple units in a building with generous zoning creates leverage and strategic influence for future possibilities. Investors will recognize the power in owning multiple units in the same stack — increased control, simplified management, and stronger positioning should redevelopment conversations arise down the line. This is not just a purchase. It’s income now, land value growth, and future development potential — all in one of Hollywood’s evolving locations.

Property location

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1845 Pembroke Rd 3-22, Hollywood, FL 33020

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
440 sq ft
Flooring
Tile
Appliances
Gas Range, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry

Exterior & Structure

Property type
Condominium
Year built
1954
Stories
1
Architectural style
Garden Apartment
Construction
Block
Exterior features
None
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
One Space

HOA, Community & Financials

Association fee
$338 Monthly
Fee inclusions
Laundry, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Amenities
None
Pets allowed
No
Annual tax
$2,629
Subdivision
PEMBROKE ARMS CONDO APTS
County
Broward
Days on market
214
MLS listing ID
A11973518
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$314

Cap rate
3.4%
Net yield
3.4%
Cash-on-cash return
-8.3%
Gross yield
9.1%
Mortgage payment
$773/mo
Down payment
$40,750
Loan amount
$122,250
Annual NOI
$5,507

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.