1747 Funston St
Hollywood, FL 33020
1747 Funston · Multifamily Property For Sale · 8 Units

1747 Funston Street is an 8 unit multifamily property located in East Hollywood, minutes east of I-95 and immediately east of US-1. The immediate area is densely made up of both residential and commercial properties. The subject property was constructed in 1952 of concrete block with a stucco exterior and pitched shingle roofs. All of the units are studios that offer tenants an efficient use of space in a prime Hollywood location. An investor will have the opportunity to fully renovate and increase all units to market rent levels at this property. The area has grown tremendously in the past few years with the inception in nearby Hollywood Beach of Margaritaville, Costa Hollywood Beach Resort, Circ Residences as well as other developments. Circ Residences is a newly built high-rise tower comprised of luxury rental units and hotel rooms across the street from ArtsPark at Young Circle in Downtown Hollywood. Additionally, a few minutes to the north is the proposed $800 million-dollar Dania Pointe project by Kimco boasting 800,000 SF of retail, shopping and restaurants. The units are also centrally located to US 1, A1A, and I-95. The new owner will benefit from an improved property with stable in place cash flow, in an area that is seeing tremendous growth and development. PORTFOLIO OPPORTUNITY: This property may be purchased individually; however, it is part of a 90 unit portfolio, which can be purchased together as well.