$3,200,000

For sale

318 Walnut St, Hollywood FL 33019

Built 1959MLS# A12099742

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About this property

Rare opportunity to acquire a boutique 7-unit multifamily property a short walk from the beach in Hollywood's desirable North Beach neighborhood. Currently operating as a short-term rental portfolio with city and state licenses in place, this property offers exceptional flexibility — continue the turnkey hospitality operation, convert to long-term rentals, or pursue future redevelopment.

Property Features: 7 units: 4 studio units and 3 One(1) bedroom units, all rehabbed in 2023 with NEW ROOF. One-story building with on-site parking on 6,291 SF lot (0.15 acres). . Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify).

Prime Location — a short walk to Hollywood Beach, the Broadwalk, the Intracoastal Waterway, plus restaurants, cafes, shopping, and entertainment.

Investment Highlights: priced at land value; rental income is buyer upside. Operating short-term rental business with licenses in place. Ideal for boutique hospitality, vacation rentals (subject to local regulations), or a long-term multifamily hold. Redevelopment potential under current zoning — strong potential for 3 townhomes (buyer to verify with the city). The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. Buyer to verify all information.

Property details

Property type
Multi-family
Year built
1959
Property taxes
$32,461/yr
Parking
6 spaces
Building / community
Hollywood Central Beach
Status
For sale
MLS #
A12099742

Listing courtesy of Pink Miami Real Estate.

Location

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