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Residential Income

1008 22

Hollywood, FL 33020

ML#:F10435207
List Price:$475,000
Status:Closed
Days on Market:55
Listing Brkr:EXP Realty LLC
Subdivision:Hollywood Terrace 3-12 B,Hollywood Terrace
Bedrooms:0
Baths:0
SqFt (Liv):1,340
Lot Size:0 sqft
Year Built:1955
Stories:1

General Information

Type Property:Residential Income
Style:Duplex
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33020
Subdivision:Hollywood Terrace 3-12 B,Hollywood Terrace
Latitude:26.019978
Longitude:-80.151434

Additional Features

Flooring:Wood
Heating:Central
Cooling:Electric, Wall/Window Unit(s)
Construction:CBS Construction
Waterfront:No
Community:Gas Metered

Financial Information

Annual Taxes (2023):$6,873
Original Price:$499,000
Days on Market:55

Remarks

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.

Listing Agent

Alex E Saludes

EXP Realty LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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