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Dixie Apartments 1610 N Dixie Hwy 48 Unit Apartment Building $6,531,060 CAD ($136,064 CAD/Unit) Hollywood, FL 33020
Investment Highlights
- 48-Unit Mixed-Use Asset – Includes apartments, office, retail, and storage across a flexible layout ideal for repositioning.
- 27,393 SF Site with DH-3 Zoning – Allows potential redevelopment of approximately 90 residential units or alternative uses such as warehouse.
- Strategic Location – Minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches.
- Major Value-Add Opportunity – Only 13 units occupied; majority of units require rehab, allowing investors to significantly increase income and value
- Attractive Basis – Cash Only – Priced to reflect existing liens/violations, creating a rare chance to acquire below replacement cost.
- Strong Upside Potential – Ideal for investors seeking reposition, redevelopment, or long-term hold with substantial appreciation potential.
Executive Summary
Rare opportunity to acquire a 48-unit mixed-use property at 1610 N Dixie Hwy in Hollywood at a true value-add price. The asset consists of apartments, office, retail, and storage across a 27,393 SF lot with DH-3 zoning, allowing for redevelopment potential of approximately 90 residential units or alternative uses such as warehouse. The current unit mix includes 41 studio apartments, 2 one-bedroom/one-bath units, 3 office spaces, 1 retail store, and 1 storage unit. Only 13 units are currently occupied, with the majority vacant and requiring full rehab, creating a significant upside opportunity for investors looking to reposition or redevelop. The property is being sold with existing liens/violations and is priced accordingly for a cash-only buyer. Located just minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches. Opportunities like this rarely hit the market at this basis. priced to move quickly!
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,148,367
|
$54.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,148,367
|
$54.68
|
| Taxes |
$175,512
|
$8.36
|
| Operating Expenses |
$186,335
|
$8.87
|
| Total Expenses |
$361,847
|
$17.23
|
| Net Operating Income |
$786,520
|
$37.45
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,148,367 |
| Annual Per SF | $54.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,148,367 |
| Annual Per SF | $54.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $175,512 |
| Annual Per SF | $8.36 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $186,335 |
| Annual Per SF | $8.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $361,847 |
| Annual Per SF | $17.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $786,520 |
| Annual Per SF | $37.45 |
Property Facts
| Price | $6,531,060 CAD | Building Class | C |
| Price Per Unit | $136,064 CAD | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 14,430 SF |
| No. Units | 48 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Apartment Style | Low-Rise | No. Drive In / Grade-Level Doors | 1 |
| Zoning | DH-3 - DH-3 allows for most retail and office uses | ||
| Price | $6,531,060 CAD |
| Price Per Unit | $136,064 CAD |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 14,430 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.52/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | DH-3 - DH-3 allows for most retail and office uses |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 41 | - | - |
| 1+1 | 2 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-09-05-0520 | Total Assessment | $7,934,307 CAD |
| Land Assessment | $413,556 CAD | Annual Taxes | $175,512 CAD ($12.16 CAD/SF) |
| Improvements Assessment | $7,686,835 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
51-42-09-05-0520
Land Assessment
$413,556 CAD
Improvements Assessment
$7,686,835 CAD
Total Assessment
$7,934,307 CAD
Annual Taxes
$175,512 CAD ($12.16 CAD/SF)
Tax Year
2026
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Dixie Apartments | 1610 N Dixie Hwy
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