Nina Mormina - Preferred Properties Int'l Realty, Inc Logo
Price Reduced Listing
$1,460,000
 $7,838 est/mo Sourced by Back At You

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Description

Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition.Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.

Details

MLS #A12025025
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site112
Listing Provided ByISRAM Realty & Management | Eyal Melamed

Features

SQ Feet4,471
Story(s)1
Building(s)2
ZoningS-MU
Acreage0.24

Parking

Parking FeaturesAssigned

Taxes

Tax Annual Amount21434

Area Information

StateFL
CountyBroward
CityHollywood
Zip Code33023
Area3100
SubareaHWCE Hollywood Central (3070 3100)
Listing VS Median (in 33023)
Price:
$1,460,000
low | high
Med:
$371,680
100% of Average
sqft:
4,471
low | high
Med:
1,233
100% of Average
$ / sqft:
$327
low | high
Med:
$301
57.688048972881% of Average
On site:
112
low | high
Med:
326
34.355828220859% of Average
Sourced by Back At You

Market Activity 33023

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Learn More About This Property

Nina Mormina

Nina Mormina

Preferred Properties Intl Realty Inc

BK704943 (786) 525-0500nina@investsouthflorida.com
StateFL
CountyBroward
CityHollywood
Zip Code33023
Area3100
SubareaHWCE Hollywood Central (3070 3100)
Listing VS Median (in 33023)
Price:
$1,460,000
low | high
Med:
$371,680
100% of Average
sqft:
4,471
low | high
Med:
1,233
100% of Average
$ / sqft:
$327
low | high
Med:
$301
57.688048972881% of Average
On site:
112
low | high
Med:
326
34.355828220859% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.95M - $1.825M
sqft: 3,000 - 5,500
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Listing Updated: September 9, 2026 at 6:07:35 AM PDT

Nina Mormina - Preferred Properties Int'l Realty, Inc