Hollywood, FL 33020,611 S 24th Ave #1-7
Hollywood, FL 33020,611 S 24th Ave #1-7
Hollywood, FL 33020,611 S 24th Ave #1-7
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$1,540,000
Est. payment /mo
4,157 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,157 sqft

Price per Sqft $370

MLS Listing ID A11928895

HOA Y/N No

Year Built 1938

Annual Tax Amount $18,154

Lot Size 0.471 Acres

Property Sub-Type Multi Family

Property Description

Prime investment and redevelopment opportunity in the heart of Hollywood, FL. Set on approximately ½ acre, this corner property comprises four buildings with a total of seven rental units, generating stable income while offering significant long-term upside. Situated within the DH-2 zoning district, the site allows for future redevelopment of a 4-story, 25–27-unit multifamily project, making it an ideal acquisition for developers, investors, and assemblage strategies seeking scale in a high-growth market.

Current Improvements and Unit Mix:

Building 1: Single-family home, 2BR/1BA, rented for $1,800/month.

Building 2: Three-unit structure

1BR/1BA – $1,500/month

1BR/1BA – $1,500/month

2BR/1BA – $1,600/month

Building 3: Two 1BR/1BA units, each rented for $1,500/month, both with private fenced yards.

Building 4: Single-family home, 2BR/1BA, with private fenced yard, rented for $2,000/month.

The large lot, multi-frontage corner positioning, and flexible zoning support strong design potential for redevelopment. The property is centrally located minutes from Downtown Hollywood, major transportation corridors, retail, dining, and Hollywood Beach, providing both immediate income and exceptional future development value.

A rare opportunity to secure an income-producing asset with meaningful redevelopment upside in one of South Florida's most rapidly evolving submarkets.

Location

State FL

County Broward

Area 3020

Interior

Flooring Tile

Exterior

Roof Type Shingle

Private Pool Yes

Building

Story 1

Sewer Public Sewer, Other, Septic Tank

Water Public

Level or Stories One

Structure Type Block,Frame,Stucco

Others

Tax ID 514216011660

Ownership Partnership

Security Features Fenced,Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11928895


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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Keter Estates LLC
Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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611 S 24th Ave #1-7