$1,225,000
SOLD NOV 13, 2024
-- Bed
-- Bath
1,826 Sq Ft
5,314 Sq Ft Lot

Recently Sold

$671 Per Sq Ft

63% Above List Price

83 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 3-minute walk to Kay Gaither Community Center
  • Ceramic Tile Flooring

About This Home

As of November 2024

The subject property is two contiguous fourplexes listed for $750,000 each ($1.5 Million total) located in west portion of Hollywood and contains eight (1/1) apartments. The property presents itself as a value-add opportunity due to the rents being approximately over 50% below market value with each unit renting at approximately $1000 per month. Market rent is estimated at $1500 per month.
Hollywood is experiencing a tremendous renaissance with the majority of new construction consisting of residential development. The area is considered to have the 2nd largest supply pipeline across all Fort Lauderdale submarkets.
The subject property provides a unique opportunity to take advantage of the strong demographics and demand whereby creating value by repositioning the asset.

Last Agent to Sell the Property

Peter Dacko

Media Realty License #0600065

Last Buyer's Agent

Peter Dacko

Media Realty License #0600065

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,174

Year Built

  • Built in 1964

Parking

  • 12 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,826 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Septic Tank
  • Cable TV Available

Community Details

  • Two 4Plexes Subdivision
  • Net Operating Income $36,999

Listing and Financial Details

  • Total Actual Rent $67,300
  • Rent includes trash collection, water
  • Assessor Parcel Number 514124142711
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,174

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1964
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1826.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 12.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Trash Collection, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 514124142711
  • Lot Size: 10604
  • Zoning Description: RS-6

Multi Family

  • Property Net Operating Income: 36999.0
  • Number Of Units Total: 1
  • Total Actual Rent: 67300.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 25174.0

Map

Range of Values:

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Average Value
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List Price
Sold 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
11/13/2024 11/13/24 Sold $1,225,000 -15.5% $671 / Sq Ft
10/03/2024 10/03/24 Price Changed $1,450,000 +93.3% $794 / Sq Ft
08/22/2024 08/22/24 For Sale $750,000 -- $411 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,882 $427,670 $47,720 $379,950
2024 $7,598 $308,190 -- --
2023 $7,598 $254,710 $0 $0
2022 $6,570 $231,560 $0 $0
2021 $5,994 $210,510 $0 $0
2020 $5,679 $259,050 $47,720 $211,330
2019 $5,312 $227,580 $47,720 $179,860
2018 $4,740 $190,860 $47,720 $143,140
2017 $4,131 $143,800 $0 $0
2016 $3,811 $130,730 $0 $0
2015 $3,506 $118,850 $0 $0
2014 $3,319 $108,050 $0 $0
2013 -- $103,380 $47,720 $55,660
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $81,000 Commercial
Closed $98,700 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- None Available
Quit Claim Deed $7,142 --
Source: Public Records

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10457616

BeachesMLS (Greater Fort Lauderdale)

APN: 51-41-24-14-2710