2239 Washington St, Hollywood, FL 33020
Development of a Multi Family Apartment Building
Very large lot. Almost 1/2 acre zoned for Commercial and Multi-family
The Deal
- Property acquired 2019
- Single Family 1294 Sqft
- Lot – 0.48 acres
- Located in Broward County
- 3bd/ 1ba
- Build in 1948
- Purchase Price: $275,000
- Zoned for Multi-Family Apt Building
The Story
The Outcome
Redevelopment Site
Future Site of a 4-Story apartment building with 30 units and Parking on Ground Floor.
Property After Repair Value: $9,500,000.00
Purchase Price: $275,000.00
Development cost: $4,300,000.00
Profit Generated: $4,925,000.00
Project turnaround: 3 Years
