611 S 24th Ave, Hollywood, FL 33020 611 24th ave 7 Unit Apartment Building $1,275,000 ($182,143/Unit) 8.73% Cap Rate Hollywood, FL 33020

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, 25–30-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.