Discover REDEVELOPMENT OPPORTUNITY!
Explore Westchester Arms, 10 co-ops on prime land! mix and match Airbnb and/or yearly rentals.
Discover Your Dream Property
About The 1501
The 1501 is a coop building owned by Wesrchester arms inc. for sale by premier real estate service led by John DeMarco, Broker/Owner of Re/Max 5 Star Realty. INVESTMENT HIGHLIGHTS
- 10-Unit Redevelopment OpportunityPerfect for a Developer or Investor!
- Lot Size: 14,800 SF
EXECUTIVE SUMMARY
This 10-unit apartment is centrally located in Hollywood, FL, just 3 miles from Hollywood Beach and Broadwalk. The 8,250 SF building sits on a 14,800 SF lot, with units ranging from 825 to 900 SF, 8 apartments feature a 1 bed/1 bath layout and 2 apartments feature a 2 bed / 1 bath. All 10 units are corner units with windows on both sides of the building. Positioned near Port Everglades, Fort Lauderdale-Hollywood International Airport, and major transit routes, the property benefits from strong business appeal and growing residential demand. This is a rare investment opportunity in a rapidly developing market. Currently set up as a co-op. All 10 units are included in sale. Can also be converted to apartments or condos.
PROPERTY FACTS
Price
$2,500,000
Price Per Unit
$250,000
Sale Type
Investment
Sale Condition
Redevelopment Project
No. Units
10
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.35 AC
Building Size
11,278 SF
Average Occupancy
100%
No. Stories
2
Year Built
1970
Parking Ratio
0.8/1,000 SF
Zoning
RM-18 - Residential Multifamily Mid Rise/Medium High Density District