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Key Details
Sold Price $585,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,287 sqft
Price per Sqft $255
Subdivision Hollywood Terrace
MLS Listing ID A11811392
Sold Date 10/27/25
HOA Y/N No
Year Built 1980
Annual Tax Amount $8,514
Tax Year 2023
Contingent Financing
Property Sub-Type Duplex
Property Description
HUGE PRICE REDUCTION!!! RECENTLY UPDATED INVESTOR SPECIAL!!! SELLING BELOW 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 FUTURE RE-DEVELOPMENT. 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 INCREASE IN VALUE!!!
Location
State FL
County Broward
Community Hollywood Terrace
Area 3050
Direction PLEASE USE GPS
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Others
Tax ID 514209031740
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Tony Giglio
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Bought with Landau Realty Group
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Principal Broker | License ID: 3588319