Building Description
Executive Summary
The subject property is a fully approved, shovel-ready multifamily development opportunity located in the heart of Hollywood, Florida. It currently features a 1,986± SF duplex on an 8,283± SF lot with full permits in hand for a modern 9-unit apartment building. The property is currently occupied by two month-to-month tenants, generating $5,000 per month. The approved plans include efficient layouts, 10 on-site parking spaces, and landscaping designed to meet all City standards. Once stabilized, the project is projected to generate a gross annual income of approximately $305,000, with an estimated NOI of $220,000 and a pro forma cap rate of 9.3%. Ideally situated near Downtown Hollywood, Young Circle, and major highways, the property provides excellent access and strong rental demand. This is a turnkey opportunity for developers or investors looking to build in one of Broward County’s fastest-growing multifamily markets.
