$1,225,000
$1,450,000
15.5%For more information regarding the value of a property, please contact us for a free consultation.
6208 Dewey St Hollywood, FL 33023
1,826 SqFt
Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,826 sqft
Price per Sqft $670
Subdivision Two 4Plexes
MLS Listing ID F10457616
Sold Date 11/13/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 10604
Year Built 1964
Annual Tax Amount $25,174
Tax Year 2024
Property Description
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.
Location
State FL
County Broward County
Community Two 4Pleses $750K Ea
Area Hollywood Central (3070-3100)
Zoning RS-6
Interior
Heating Window/Wall
Cooling Wall/Window Unit Cooling
Flooring Ceramic Floor
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Septic Tank
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Media Realty
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