13,550 SF of land consisting of two parcels, zoned FH-2, EAST of FEDERAL HWY! BY YOUNG CIRCLE, DOWNTOWN HOLLYWOOD 15 MIN TO INT'L FT LAUD AIRPORT. Very nice neighboring buildings and new projects coming up in a very hot area of the city. Project: 24-unit multi-family building consisting of 12 2/2 units, 4 1/1.5 units and 8 1/1 units, with swimming pool over structured parking, and gym and social room on rooftop. Architectural plans developed by renowned Kaller Architecture. Layout and elevations only – no engineering plans yet. Not submitted to City of Hollywood for preliminary review yet.
One of the parcels has fourplex building in good condition including 2 recently renovated units. Generating monthly income of approximately $6,000/M while development is underway. ONLY SOLD TOGETHER.
1741 Dewey St, Hollywood, FL, 33020
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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