1008 N 22, Hollywood, FL 33020
$475,000
Property Type:
Residential Income
Square Footage:
1,340
Status:
Active
Current Price:
$475,000
Last Modified:
5/16/2024
Description
PRICE REDUCTION!!! Amazing opportunity to purchase this income producing duplex with a 1/1 and a 1/1 currently at 4.75% CAP RATE, generating over 2,850 per month with a MASSIVE upside potential to be at 6.5% or greater. CITY APPROVED TO BUILD A 3RD UNIT IN THE REAR!! This property is well maintained, featuring a new roof that was installed 2023, New AC Units, and water heater. New floors in both units! Space in rear of property to build another unit for more income opportunities!Located only 1 Mile from downtown Hollywood, fine dining and shopping. 2 Miles from Hollywood Beach.Rents could increase with no updates needed!Tenant occupied, please do not disturb tenants.
More Information MLS# FX-10435207
Contract Information
Listing Date: 2024-04-18
Status: Active
Original List Price: 499000
List Price: $475,000
Current Price: $475,000
List Price/SqFt: 354.48
Comm/Non-Rep: .01%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Duplex
Total # of Units: 2
Property Condition: Resale
Year Built: 1955
Number of Stories: 1
SqFt - Living: 1340
Homeowners Assoc: None
Subdivision: Hollywood Terrace 3-12 B
Development Name: Hollywood Terrace
Waterfront: No
Private Pool: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location, Tax & Legal
Area: 3050
Geo Area: HWEA - Hollywood East (3010-3050)
Country: United States
County: Broward
Parcel ID: 514209030080
Street #: 1008
Street Dir: N
Street Name: 22
State/Province: FL
Zip Code: 33020
Short Sale: No
REO: No
HOPA: No Hopa
Legal Desc: HOLLYWOOD TERRACE 3-12 B LOT 3 N 15,4 BLK 2
Zoning: RM-9
Tax Year: 2023
Taxes: 6873
Geo Lat: 26.019985
Geo Lon: -80.151445
Office/Member Info
DXORIGMLNO: F10435207
DXORIGMLSID: FLL
Unit 1 Info
Bedrooms: 1
Full Bath: 1
Monthly Income: 1400
Unit 2 Info
Bedrooms: 1
Full Bath: 1
Monthly Income: 1450
Income & Expenses
Gross Operating Inc: 34200
Annual Net Oper Inc: 13200
Property Features
Construction: CBS
Lot Description: < 1/4 Acre
Maintenance Fee Incl: Insurance-Other; Lawn Care; Sewer; Trash Removal; Water; Other
Flooring: Wood Floor; Laminate
Cooling: Electric; Wall-Win A/C
Heating: Central
Roof: Comp Shingle
Terms Considered: Cash; Conventional; FHA; VA
Utilities: Public Sewer; Public Water
Special Info: Sold As-Is
Taxes: City/County
Avail Info: Other
Possession: Funding
Listing Office: EXP Realty, LLC.
Last Updated: May - 16 - 2024
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