$699,900
$99K PRICE DROP

Estimated payment $4,699/month

Total Views 2,990
-- Bed
-- Bath
2,287 Sq Ft
$306 Price per Sq Ft

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • 4-minute walk to Lincoln Park

About This Home

HUGE PRICE REDUCTION!!! RECENTLY UPDATED INVESTOR SPECIAL!!! SELLING FOR LESS THAN RECENT APPRAISAL! GREAT INCOME PRODUCING PROPERTY LOCATED IN THE HEART OF HOLLYWOOD, FL. THE PROPERTY HAS 2 UNITS: (1) 3/2 RENOVATED AND RENTED BELOW MARKET PRICE AT $2250/MONTH; (2) 2/2 RENTED AT $2250/MONTH. LARGE LOT FOR POTENTIAL REDEVELOPMENT IN THE FUTURE. CURRENT ZONING IS RM-9. WELL MAINTAINED. TENANTS PAY THEIR OWN UTILITY BILLS FOR WATER/SEWER/GARBAGE AND ELECTRICITY ON SEPARATE METERS. RAISE RENTS TO MARKET PRICES AND EASILY ACHIEVE 9%+ CAP RATE WITH MINIMAL INVOLVEMENT OR EFFORT. GREAT FOR OUT-OF-TOWN INVESTORS. LONG TERM TENANTS (ALL ANNUAL LEASES RECENTLY SIGNED) WILLING TO STAY WITH RENTAL INCREASES of 5% PER YEAR. DON'T MISS THIS OPPORTUNITY! EASY TO MANAGE AND CERTAIN TO GO UP IN VALUE!!!

Listing Agent

Steven Landau

Landau Realty Group License #3070659

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,514

Year Built

  • Built in 1980

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,287 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • 2 Units
  • Hollywood Terrace Condos
  • Hollywood Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514209031740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,514

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1980
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Directions: PLEASE USE GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: HOLLYWOOD TERRACE
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Tile
  • Living Area: 2287
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: HOLLYWOOD TERRACE
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514209031740
  • Zoning: RM-9
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Other Rent Incl, Pest Control

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9514

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Price Changed $699,900 -12.4% $306 / Sq Ft
05/22/2024 05/22/24 For Sale $799,000 -- $349 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11592770

MIAMI REALTORS® MLS