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2517 Polk Street, Hollywood
$729,000
4 Beds ⋅ 3 Baths ⋅ A12088247 MLS
RARE HOLLYWOOD INVESTMENT & REDEVELOPMENT OPPORTUNITY! Discover the potential of this fully renovated 4BR/3BA property, ideally positioned on an expansive 10,257 SF lot with private pool and MC-1/T4 zoning. Featuring a modern contemporary design, bright open living spaces, and a generous backyard, this property combines immediate enjoyment and income potential with exciting long-term possibilities. The flexible zoning offers investors and developers the opportunity to explore residential redevelopment, mixed-use concepts, professional/commercial uses, or other income-producing configurations, subject to City of Hollywood approvals and regulations. Strategically located just minutes from Downtown Hollywood, the beach, dining, shopping, entertainment, and major highways. Whether your vision is to hold, generate rental income, reposition, expand, or pursue future redevelopment, this property offers multiple paths to create value. LARGE LOT. POOL. FLEXIBLE ZONING. PRIME LOCATION. A unique South Florida opportunity!Live in it, generate income, or unlock the future development potential of the land. You decide how to turn this opportunity into your next investment.

2517 Polk Street, Hollywood
412 S 24TH Avenue, Hollywood
$505,000
3 Beds ⋅ 2 Baths ⋅ B26056082 MLS ⋅ Hollywood Little Ran BLDG.
"Move-In Ready • Impact Windows & Doors • Huge Backyard with Room for a Pool • No HOA • Minutes to Hollywood Beach!" Live just minutes from Hollywood Beach in this beautifully updated East Hollywood home featuring impact windows and doors, a spacious fenced backyard with room for a pool, no HOA, and an unbeatable location close to Downtown Hollywood, Fort Lauderdale-Hollywood International Airport, shopping, dining, parks, and major highways. Welcome home to a property that offers the perfect blend of comfort, convenience, and outdoor living. Step inside to a bright and inviting layout designed for everyday living and easy entertaining. Impact windows and doors provide peace of mind, energy efficiency, and storm protection. The oversized, fully fenced backyard is one of this home's standout features, offering endless possibilities. Whether you dream of adding a pool, creating an outdoor kitchen, designing a tropical garden, or simply enjoying family barbecues and gatherings, this spacious yard gives you the freedom to make it your own. With no HOA restrictions, you'll enjoy added flexibility while being just minutes from beautiful beaches, golf courses, parks, schools, restaurants, shopping, hospitals, and the vibrant entertainment of Downtown Hollywood. Commuters will appreciate the quick access to I-95, Florida's Turnpike, and Fort Lauderdale-Hollywood International Airport. Perfect for first-time homebuyers, families, seasonal residents, or investors, this move-in-ready home offers an exceptional opportunity to enjoy the South Florida lifestyle in one of Hollywood's most convenient locations. Schedule your private showing today and discover everything this East Hollywood gem has to offer!

412 S 24TH Avenue, Hollywood
2531 Pierce Street, Hollywood
$629,750
3 Beds ⋅ 2 Baths ⋅ B26036952 MLS
This is how to generate great returns in today's market while protecting your downside. Acquire an income producing 3/2 home (w/in-law suite) & additional development capacity (the right to build 8 more units), walking distance from schools, library, parks & Downtown Hollywood, at over 30% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

2531 Pierce Street, Hollywood