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Multi Family - HOLLYWOOD SOUTH SIDE ADD for Sale

1734 WILEY ST, HOLLYWOOD, FL 33020

Sold Price$850,000 Asking Price$949,000

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  • Days on market:

    90 day(s)
  • Adjusted Area:

    1993 sqft
  • Original Price:

    $999,000
  • Price per sqft:

    $476.17
  • Tax Legal Description:

    HOLLYWOOD SOUTH SIDE ADD 3-16 B LOT 24 BLK 3
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Triplex
  • Construction Type:

    Concrete Block Construction
  • Roof:

    Barrel Roof
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    None
  • Floor Description:

    Other
  • Lot Features:

    1/4 To Less Than 1/2 Acre Lot
  • Type of Association:

    None

Description

$949,000 • living size area 1993 sqft

Great developer opportunity! two adjacent folios being sold together, combining for a generous 10,920 sq ft (80' x 136.5') of land with a zoning capacity of up to 32 units up to 140 ft height. folio 1 (parcel id #514222090490) features a well-maintained duplex currently rented as a triplex w/ converted garage, generating solid rental income from day one. folio 2 (parcel id #514222090491) is a vacant lot right next door, offering a clean slate for development or future expansion. with a far (floor area ratio) of 3, you have the potential to build up to 32,760 sq ft—a prime opportunity for developers looking to build multifamily units in a fast-growing area. zoning: fh2 land use: mixed use : residential & commercial uses. (multifamily, hotel/motel, live & work ,office ,retail, etc)

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