1841 Mayo St, Hollywood, FL 33020
- $1,200,000
- List Price
- $1,200,000
- MLS#
- A12070949
- Lot Size
- 16,377
- Subtype
- Income/MultiFamily
- County
- Broward
- Community
- Not Found
Property Description
This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.
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Additional Information
- Status Label
- ACTIVE
- Lot Description
- City Location, Corner Location, Less Than 1 Acre
- Taxes
- $7,329
- Utilities
- Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Trash Removal, Water Available
- Acres
- 16377
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Listing Courtesy Of Worth International Realty, Inc, Contact: