Rare opportunity to acquire a 48-unit mixed-use property at 1610 N Dixie Hwy in Hollywood at a true value-add price. The asset consists of apartments, office, retail, and storage across a 27,393 SF lot with DH-3 zoning, allowing for redevelopment potential of approximately 90 residential units or alternative uses such… Read More as warehouse. The current unit mix includes 41 studio apartments, 2 one-bedroom/one-bath units, 3 office spaces, 1 retail store, and 1 storage unit. Only 13 units are currently occupied, with the majority vacant and requiring full rehab, creating a significant upside opportunity for investors looking to reposition or redevelop. The property is being sold with existing liens/violations and is priced accordingly for a cash-only buyer. Located just minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches. Opportunities like this rarely hit the market at this basis. priced to move quickly! Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Elior Levi, 786-748-7373.
Listing Snapshot
Days Online
66
Last Updated
Property Type
Mixed Use
Square Ft.
14,430
Lot Size
0.63 Acres
Year Built
1970
MLS Number
A11994603
30 Days Snapshot Of 33020
$242k
+1%
(avg) sold price
3
-25%
homes sold
418
+186%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1970, Toal building area: 14430
Lot
0.63 acres
Property
Zoning: DH-3
Taxes
Annual amount: $140,631
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