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

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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.

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Additional Information

Days on Market: 172
Tax Amount: $27,544
Parcel Number: 514222090040
Lot Size: 11,334
Address: 1741-1743 Moffett St, Hollywood
Year Built: 1953
Section: 22