Palm Beach County, FL Real Estate
Hollywood, FL Single Story Homes for Sale

Hollywood, FL Single Story Homes for Sale

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Hollywood, FL Single Story Homes for Sale

$1,750,000
B26034874 MLS
The Buchanan St / N 20th Ave assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948, 1952 Buchanan Street, & 615 N 20th Ave, totaling 9 units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the asset generates immediate cash flow with an estimated 5% cap rate. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential of 29-32 Unit subject to zoning and site approval. Executive Summary The Buchanan Street / North 20th Avenue assemblage is a compelling East Hollywood Mid-Core investment combining immediate income, favorable seller financing, and long-term redevelopment potential. Located at 1948 and 1952 Buchanan Street and 615 North 20th Avenue, the portfolio includes nine residential units with rear gated parking. The property currently generates stable cash flow at an estimated 5% capitalization rate, allowing an investor to earn income while evaluating future development plans. The seller is willing to provide purchase money financing with approximately 40% down and a below-market interest rate, reducing the purchaser's initial equity requirement and potentially improving cash-on-cash returns. Based on preliminary planning assumptions, the assemblage may support approximately 29 to 32 residential units, subject to zoning, parking, site-plan, utility-capacity, and municipal approvals. This creates a covered-land strategy in which existing rental income helps offset carrying costs during the entitlement and development process. The opportunity is driven by three primary components: Immediate cash flow from nine existing units Attractive seller financing with reduced equity exposure Redevelopment optionality within a growing East Hollywood corridor Overall, the assemblage offers investors the ability to generate current income while controlling a strategically located site with meaningful future development potential.

1948 Buchanan Street, Hollywood

$575,000
3 Beds 2 Baths B26033726 MLS
Welcome to this beautifully maintained South Florida pool home located in the heart of Hollywood with no HOA restrictions! Situated in a quiet, friendly community, this property offers the perfect combination of comfort, functionality, and resort-style outdoor living just 10 minutes from the beach. Designed for seamless indoor-outdoor living, the home features a beautifully done pool patio with multiple sliding glass doors opening directly to the pool area, creating a bright and open atmosphere throughout the home. Both the front and back patios are screened, allowing you to fully enjoy the Florida lifestyle year-round. The primary suite offers direct pool access from the master bathroom, adding to the home's resort-like feel. Inside, the home showcases white tile floors and matching baseboards throughout, along with faux wood blinds in the living room and bedrooms for a clean and modern touch. The updated kitchen features elegant black marble countertops, white kitchen cabinets, a black refrigerator, and a sleek black and chrome glass-top stove, combining style and functionality for everyday living and entertaining. The backyard oasis is truly special, featuring a sparkling pool with beautiful tile work and a stunning large dolphin tile insert. Additional upgrades include a new Hayward pool filter, automatic pool cleaner, whole-house water filtration system, and a water heater and A/C system that are still under warranty for added peace of mind. Roof has a 25 year warranty that is transferable to the new owners. The property also includes new windows, accordion hurricane shutters, super gutters around the entire home, a stamped concrete driveway, and a 10 x 7 storage shed on a concrete slab in the backyard for extra storage and convenience. The outdoor spaces are enhanced by unique water and fish garden features on both the back and front patios, creating a peaceful and relaxing atmosphere. With no HOA restrictions and an ideal layout for guests, this property would make an outstanding Airbnb, vacation retreat, investment property, or primary residence. Conveniently located near beaches, shopping, dining, entertainment, and major roadways, this Hollywood gem offers the best of South Florida living with thoughtful upgrades and exceptional charm throughout!

7140 Meade Street, Hollywood

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