6208 Dewey St Hollywood, FL 33023
Beverly Park NeighborhoodHighlights
- 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 2024The 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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $81,000 | Commercial | |
Closed | $98,700 | Commercial |
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: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10457616

APN: 51-41-24-14-2710
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