Basics
Date added Added 2 days ago | Category Duplex | Type Residential Income | Status Active |
Area, sq ft 2287 sq ft | Lot size, sq ft 0 sq ft | Year built 1980 | SubdivisionName HOLLYWOOD TERRACE |
ListOfficeName Landau Realty Group | ListAOR Miami Association of REALTORS® | RentIncludes Gardener, Other Rent Incl, Pest Control | MLS ID A11592770 |
Description
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Description:
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!!!
Location
- Directions: PLEASE USE GPS
- CountyOrParish: Broward County
Building Details
- Cooling features: Wall/Window Unit(s)
- ArchitecturalStyle: Attached
- ParkingTotal: 6
- NewConstructionYN: No
- Building Name: HOLLYWOOD TERRACE
- Exterior material: CBS Construction
- Roof: Shingle
- Heating: Window/Wall
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11592770
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No