1841 Mayo St ,Unimproved Multi Family (5+units) for Sale & Rent

1841 Mayo St for Sale & Rent

Price $1,200,000.00

• Lot size 16377
• Year Build
• Waterfront
• Zip 33020
• Style
• Parking Description
• Pool Yes
• Status Active

Description

This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.

ALDEN MANOR 24-8 B LOT 9 BLK 1

City Location, Corner Location, Less Than 1 Acre

This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.

City:Hollywood,Zoning:FH-2,List A O R:A-Miami Association of REALTORS,Tax Year:2025,Latitude:25.9987462,List Price:1200000,Listing Id:A12070949,Longitude:-80.1440036,Mls Status:Active,Utilities:1:Sewer Connected,2:Water Connected,3:Electricity Available,4:Sewer Available,5:Trash Removal,6:Water Available,Postal Code:33020,Street Name:Mayo St,Coordinates:1:25.9987462,Lot Features:1:Corner Location,2:Less Than 1 Acre,Photos Count:3,Lot Size Acres:16377,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,On Market Date:2026-08-17,Parcel Number:514222330090,Property Type:Commercial Land,Street Number:1841,Public Remarks:This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.,County Or Parish:Broward County,Expiration Date:2026-09-30,Frontage Length:120,List Office Name:Worth International Realty, Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6319,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:7329,Unparsed Address:1841 Mayo St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:120x140,Lot Size Square Feet:16377,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:73.2735,Original List Price:1200000,Public Survey Range:51,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.,Listing Contract Date:2026-08-17,Originating System I D:miamire,Public Survey Section:22,Showing Instructions:Call Listing Agent,Showing Assist,Street Number Numeric:1841,Tax Legal Description:ALDEN MANOR 24-8 B LOT 9 BLK 1,Gross Scheduled Income:48000,M I A M I R E_ Current Price:1200000,M I A M I R E_ Jurisdiction:City,M I A M I R E_ Owner Agent Y N:1,Public Survey Township:51,M I A M I R E_ Total Mortgage:300000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Hollywood East (3010-3050),M I A M I R E_ Internet Remarks:Hollywood development opportunity! Two adjacent lots totaling 16,377 SF with 32-unit multifamily potential and $4,000/month income.,M I A M I R E_ Parcel Number M L X:0090,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.998741$-80.144002$300.82$13.33$1.00$o3KMd3DfjVLAtIakLxUNSA,Contract Status Change Date:2026-08-17,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:33,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:305-733-0706,M I A M I R E_ Inc Exp Statement Period:12,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1841 Mayo St,