For Sale
$1,650,000

1841 Mayo St Hollywood, FL 33020

Two lots, 16,377 sq ft, high-intensity multi-family zoning.

Overview

Added:
Dec 11, 2024
Days on market:
134
Prime Hollywood, Florida development opportunity awaits with this combined offering of two lots at 1841 and 1847 Mayo Street, totaling 16,377 square feet. Currently zoned for high-intensity multi-family use, this property presents a unique chance to create a lucrative rental complex. The site plan is in the development phase, allowing for significant flexibility in design and construction. The zoning permits the construction of up to 42 one-bedroom units or a mixed-use complex of up to 32 units, incorporating studios, one-bedroom, and two-bedroom apartments. This presents a substantial opportunity to capitalize on the high demand for rental properties in this rapidly growing market. Currently, the property generates a monthly rental income of $1500 per existing home, significantly below market value, indicating substantial potential for increased revenue upon redevelopment. The existing month-to-month tenants provide immediate cash flow while development plans are finalized. This exceptional property is offered at $1,650,000 and represents a compelling investment prospect for savvy developers seeking to establish a high-yield rental portfolio in a thriving South Florida location. The property's location in Broward County, Florida, within the vibrant city of Hollywood, ensures easy access to major transportation routes, amenities, and a strong rental market.

Highlights

  • $1,650,000 asking price.
  • Special purpose property.
  • Hollywood, FL location at 1841 Mayo St, Broward County, 33020.
  • 16,377 sq ft combined lot size (two parcels: 1841 & 1847 Mayo St).
  • High-intensity multi-family zoning, allowing up to 42 (1/1) or 32 mixed-unit (studios, 1BR, 2BR) development.

Property Details for 1841 Mayo St

Property type
Specialty properties

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
25.9987417
Longitude
-80.1440141

FAQs

What type of property is this?
Specialty property - Two lots, 16,377 sq ft, high-intensity multi-family zoning.
Where is the specialty property located?
The property is located at 1841 Mayo St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: $1,650,000 asking price.; Special purpose property.; Hollywood, FL location at 1841 Mayo St, Broward County, 33020.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1841 Mayo St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message