About This Home

Prime investment opportunity in Hollywood featuring a versatile 3-bedroom, 2-bathroom property with a pool on a 6,759 Sq Ft lot. The property is zoned for multiple typologies including apartment building, duplex, single-family, and townhouse development—offering maximum flexibility for investors and developers. Income Potential: Based on current market comparables, 1 bed/1 bath units with full kitchen and living area rent for approximately $2,300-$2,500/month, while efficiency-style units generate $1,750-$2,000/month. Value-Add Opportunities: Reconfigure into multiple units, convert to a duplex or small apartment layout, and transform the garage into an additional income-producing unit with direct pool access. Development Upside: The spacious lot allows for expansion or redevelopment to further increase returns. Flood Zone: Located in FEMA Flood Zone X (0.2% annual chance flood hazard), typically not requiring mandatory flood insurance (buyer to verify). Location: Prime South Florida area near beaches, major highways, and shopping centers with strong rental demand. Ideal for long-term rentals, short-term rental strategies (subject to local regulations), or multi-generational living, with the pool adding strong tenant appeal—this property presents a rare opportunity to secure a high-performing, multi-use asset with multiple exit strategies. Property offers the potential to be converted into a triplex configuration, with the opportunity to remodel the existing garage into an additional income-producing unit. The garage space includes washer and dryer hookups and provides direct, convenient access to the pool area, enhancing both functionality and rental appeal. This layout supports multiple unit configurations, making it ideal for investors seeking to maximize cash flow and overall property value.

Property Details

Type

ResidentialIncome

Sub-type

Duplex

Subdivision

HOLLYWOOD PARK

Lot Size

0.16 acres

Stories

1

Pool

Yes

Heating

Central

Cooling

CentralAir,CeilingFans