Courtesy of Worth International Realty, Inc.
DEVELOPMENT OPPORTUNITY! Two adjacent lots (1841 & 1847 Mayo Street) are being sold together, offering a combined total of 16,377 sq. ft. in the site plan development phase. This is a prime income-generating opportunity to build a luxury apartment complex in the rapidly growing Hollywood market. Zoned for high-intensity, multi-family use, the property allows for up to 42 one-bedroom units, or 32 units with a mix of 4 studios, 14 one-bedrooms, and 14 two-bedrooms. With rental demand currently high in the area, the possibilities for development are endless. Both properties are currently tenant-occupied on month-to-month leases, providing flexibility for future plans.
DEVELOPMENT OPPORTUNITY! Two adjacent lots (1841 & 1847 Mayo Street) are being sold together, offering a combined total of 16,377 sq. ft. in the site plan development phase. This is a prime income-generating opportunity to build a luxury apartment complex in the rapidly growing Hollywood market. Zoned for high-intensity, multi-family use, the property allows for up to 42 one-bedroom units, or 32 units with a mix of 4 studios, 14 one-bedrooms, and 14 two-bedrooms. With rental demand currently high in the area, the possibilities for development are endless. Both properties are currently tenant-occupied on month-to-month leases, providing flexibility for future plans.
Residential
Single Family Residence
2025
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--
0.38
Active
34
1,003 Sq. Ft.
16,377 Sq. Ft.
Location
Teresa Rios
Worth International Realty, Inc
Broward County
A11789067
Funding
Average List Price
$435,506
5%
Average Sale Price
$420,346
4%
Days on Market
65
30%
Homes Sold
74
22%
Median List Price
$450,000
0%
Median Sale Price
$412,500
10%
Sale/Price Ratio
97%
2%
Homes for Sale
311
29%
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