2322 Johnson Street, Hollywood, FL 33020
$500,000 · Active
EXCELLENT OPPORTUNITY TO OWN 0.24 ACRES ZONED DH-2, GREAT FOR COMMERCIAL USES, OFFICE, MULTIFAMILY, SCHOOLS, OR PLACES OF WORSHIP. THIS PROPERTY IS CURRENTLY A DUPLEX (1/1 AND STUDIO) SUCCESSFULLY OPERATING, WITH UPSIDE POTENTIAL DUE TO LOWER RENTS. THIS IS A GREAT OPPORTUNITY TO DEVELOP LAND WHILE ADVANTAGING FROM AN ALREADY EXISTING CASH-FLOW OR KEEP AS MULTIFAMILY FOR THE INCOME AND POTENTIAL UPSIDE. THE DUPLEX MAY BE BOUGHT TOGETHER WITH AN ADDITIONAL 5 UNITS LOCATED AT 411 COLUMBUS PKWY ALSO IN HOLLYWOOD, FOR A TOTAL OF 0.86 ACRES AND $1.4M. UPSIDE POTENTIAL IN RENT INCOME BASED ON GOVERNMENT HOUSING ASSISTANCE RENT LIMITS FOR THE AREA. PLEASE INQUIRE FOR MORE INFORMATION.
Listing courtesy of Keyes Company, the listing brokerage. MLS number R11164599.
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