Royal Poinciana, Hollywood, FL, 33020

$2,000,000Price
6,363SqFt

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Size: 6,363 ft2 / 591 m2
Price: $314 ft2 / $3,383 m2
Built: 1949
MLS Number: A11663667
On Site: 86 Days
Updated: 82 Days ago
Page Views: 0
Extraordinary opportunity to develop a picturesque multi-family project, up to 57 units. This half-acre land currently resides in the dh-3 zoning area, dixie highway high intensity multi-family district, with the potential to build a 140 ft, modernly designed, apartment building. Based on architectural data, the build can comfortably configure studios, 1 and 2 bedroom apartments, with the flexibility to organize between 30-57 units. Hollywood is the perfect multi-family investment location as it’s near excellent restaurants, shopping, a hospital, the ft laud/hollywood international airport, downtown, i-95, beaches. Fort lauderdale and miami making this a high demand area for prospective tenants. Property grosses $6k/m in rent currently but is being sold as is for land value. Text for appt.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Price History
09/21/2024

Date

Listed

Event

$2M

Price

$314 ft2 / $3,383 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Alina SanalatiPlatinum Ocean Realty, LLC. • Buyer Agency Compensation .

Instant Comparative Market Analysis
$200/ft²
$200/ft²
$400/ft²
$500/ft²

Unit – Asking

$314/ft²

(-12%) from Closed Medium $/ft²

Closed Medium $/ft²

$357/ft²
Community $/Price Range (Closed) $332/ft² – $386/ft²
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