Multifamily in Hollywood, FL 33019

Hollywood Central Beach, 333 Walnut St

Steps from the beach and the Hollywood Beach Broadwalk, this like-new 6-unit, two-story building (all one-bedroom units) is part of a rare 4-property boutique multifamily / short-term rental (STR) portfolio in prime walk-to-the-beach locations in Hollywood Beach, FL. The portfolio is offered at $12,300,000. This asset features approximately 3,291 leasable SF on a 6,271 SF lot and is located within Hollywood Beach’s most desirable district. All units offer open floor plans with kitchens, spacious living areas, new kitchens and bathrooms. Exterior improvements include 4 parking spaces, upgraded common areas, fresh plaster and paint, and landscaped grounds. The property is turnkey and ready to operate as a short-term rental or hotel. The portfolio benefits from high-density zoning with favorable “Motel” use and active municipal STR licenses, allowing for immediate income. Operated as a scalable STR platform with unified management, housekeeping, and OTA distribution, the assets offer strong cash flow potential. Located in a corridor experiencing evolving zoning and increasing allowable densities, the portfolio provides multiple exit strategies including continued STR operations, boutique lodging repositioning, or future assemblage and redevelopment.