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1910 Washington St 0.19 Acres of Residential Land Offered at $995,000 in Hollywood, FL 33020
Investment Highlights
- East Hollywood Redevelopment Opportunity
- Approved for a 9-Unit Multifamily Building
- Perfect for a developer or Investor!
- A++ Location in Desirable Hollywood
- Shovel-Ready with Full Permits
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.
Property Facts
| Price | $995,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.19 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | PS-1 | ||
| Price | $995,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.19 AC |
| Opportunity Zone |
Yes |
| Zoning | PS-1 |
1 Lot Available
Lot
| Price | $995,000 | Lot Size | 0.19 AC |
| Price Per AC | $5,285,636.88 |
| Price | $995,000 |
| Price Per AC | $5,285,636.88 |
| Lot Size | 0.19 AC |
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 apt.
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 51-42-22-10-0840 | Improvements Assessment | $380,300 |
| Land Assessment | $74,550 | Total Assessment | $454,850 |
Property Taxes
Parcel Number
51-42-22-10-0840
Land Assessment
$74,550
Improvements Assessment
$380,300
Total Assessment
$454,850
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1910 Washington St
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