90-Unit Multifamily Development

Jan 29

Written By Madison Capital Group

$4,680,000

2720-2742 Polk St, Hollywood, FL 33020

Total Units: 90

Total Lot Size: 60,024 SF (1.38 Acres)

Zoning: TC-1 / MC-1

Parking: 110 Parking Spots

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MCG Realty Advisors is excited to present the unique opportunity to acquire a prime 1.38-acre (60,024 SF) boutique apartment development site strategically located in the fast-growing city of Hollywood, Florida.

This truly dynamic development site is close to shovel-ready and has complete site-plan approvals in place for a boutique 90- unit development, spread over two distinct buildings. The Midtown 1 and 2 luxury development project consists of two separate 4-story buildings (45 units each) with surface parking located directly adjacent to the property.

The prospective buyer will be able to assume the approved plans and accelerate the permitting process immediately. The properties currently receive over $11,000 in income with month-to-month tenants providing ample revenue until construction begins. This is a unique opportunity to step into the city of Hollywood is situated in close proximity to major highways and transportation hubs, making it an ideal location for residents looking for convenient access to the region’s major metropolitan areas such as Miami and Fort Lauderdale.