$416,400
$475,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
1,340 SqFt
SOLD DATE : 07/23/2024
Key Details
Sold Price $416,400
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,340 sqft
Price per Sqft $310
Subdivision Hollywood Terrace 3-12 B
MLS Listing ID F10435207
Sold Date 07/23/24
Style Duplex
Construction Status Resale
HOA Y/N No
Year Built 1955
Annual Tax Amount $6,873
Tax Year 2023
Property Description
PRICE REDUCTION!!! Amazing opportunity to purchase this income producing duplex with a 1/1 and a 1/1 currently at 4.75% CAP RATE, generating over 2,850 per month with a MASSIVE upside potential to be at 6.5% or greater. CITY APPROVED TO BUILD A 3RD UNIT IN THE REAR!!
This property is well maintained, featuring a new roof that was installed 2023, New AC Units, and water heater. New floors in both units!
Space in rear of property to build another unit for more income opportunities!
Located only 1 Mile from downtown Hollywood, fine dining and shopping. 2 Miles from Hollywood Beach.
Rents could increase with no updates needed!
Tenant occupied, please do not disturb tenants.
Location
State FL
County Broward County
Community Hollywood Terrace
Area Hollywood East (3010-3050)
Zoning RM-9
Interior
Heating Central Heat
Cooling Electric Cooling, Wall/Window Unit Cooling
Flooring Laminate, Wood Floors
Exterior
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition As Is
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Bought with The Keyes Company
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