Multifamily in Hollywood, FL 33020

Hollywood Lawns, 923 N 16th Ct #1-2

Price reduced! Exceptional opportunity to acquire a high-performing income property in East Hollywood. This duplex features two spacious 2BR/2BA units currently generating $4,560/month ($2,250 + $2,310) with reliable long-term tenants and consistent payment history, providing immediate and stable cashflow from day one. Each unit offers two separate entrances, creating a unique opportunity to reconfigure the layout into four units (2 studios + 2 one-bedrooms) and significantly increase income potential through short-term rentals or Airbnb (buyer to verify local regulations). The property is well maintained and includes separate utilities, ample parking, and private outdoor space, making it attractive for both tenants and future value-add strategies. Located in one of Hollywood’s most dynamic and growing areas, just minutes from the beach, Downtown Hollywood, Gulfstream Park, and major highways including I-95. The area continues to benefit from strong demand and ongoing development, supporting long-term appreciation. Seller is offering a $10,000 contribution with a full price offer. This is a rare opportunity that combines current income, operational flexibility, and future upside, making it ideal for investors looking to strengthen or expand their portfolio in South Florida.