5010 Pembroke RdHollywood, FL 33021
- Residential income properties
Property Details for 5010 Pembroke Rd
- Property type
- Residential income properties
- Property subtype
- Other land
Description
This exceptional investment opportunity presents a 14-unit multifamily property situated on a 12,000 square foot lot in Hollywood, Florida. The property boasts a strong pro-forma net operating income (NOI) of $180,285, making it an attractive prospect for investors seeking immediate returns. All 14 units are currently rented, providing a stable cash flow stream. The property includes 14 dedicated parking spaces, a significant advantage in this market. The land is comprised of two side-by-side folios, each zoned TOC2 (presumably a local zoning code equivalent to 08-Multifamily Less than 10 units), offering flexibility for future development or expansion. Located at 5010 Pembroke Rd, Hollywood, FL 33021, the property benefits from its proximity to a park and golf course, enhancing its desirability. The existing building offers 4700 square feet of air-conditioned space. This is a rare opportunity to acquire a well-performing multifamily property with significant upside potential in a desirable location. The asking price is $2,500,000.
Location Insight
- City
- Hollywood
- County
- Broward
- State
- Florida
- Latitude
- 25.995
- Longitude
- -80.1937
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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