1008 N 18th Court For Sale

From the listing

Priced to sell. Hollywood triplex with in-place income and redevelopment potential, just west of Federal Highway (US-1). Three units, about 1,337 sq ft in total, on a 5,278 sq ft lot: a 2 bed/1 bath at $1,500/month, a 1 bed/1 bath at $1,590/month and a studio/1 bath at $1,200/month. Gross rents $4,290/month ($51,480/year), all month-to-month; the tenants would like to stay, knowing rents need to rise to market. Pro forma NOI about $21,595/year, with insurance estimated for a new owner (seller-reported, buyer to verify). Keep the income, bring rents to market, renovate, or live in one unit and rent the other two. Zoned ND-1 (North Downtown District). Directly across the street, a 1.4-acre Federal Highway site sold to a developer in January 2026. Buyer to verify permitted uses, density and square footage with the City of Hollywood. Moments from ArtsPark at Young Circle, Downtown Hollywood, the beach and I-95. Built in 1924 with classic Old Florida character. All appliances included. Sold as-is. A complete walkthrough video is available upon request. Showings by appointment only, after a written offer is submitted, with 24-hour notice to tenants. Please do not disturb the occupants or walk the perimeter. Some photos are digitally altered (virtual staging, possible improvements, AI concept renderings). Unaltered originals precede each one. No permits applied for.

Listed by Compass Florida, LLC