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Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $193
Subdivision Hollywood Beach Gardens 1
MLS Listing ID H10658555
Sold Date 06/19/19
Style Duplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 7961
Year Built 1965
Annual Tax Amount $3,549
Tax Year 2017
Property Description
This Duplex is a 2/2 on each side in a great rental area. The property does not need any major renovations. Roof
is 3 years old and both central a/c units are updated. Nice big yard and great location. Property has new accordian hurricane shutters. Current rents are $1,395. for each side on a month to month but can be increased to $1,595. if updated. The internal rate of return in the 2nd year would be 17.8%. Sold comps are 350k and the after repair value with increased rents would be close to 400k. Please do not bother the tenants. Viewing of inside will only be allowed with an appointment an pre-qualification letter. The master bedrooms have exterior doors so you can make property into 4 units if needed. Great investment for the future!
Location
State FL
County Broward County
Area Hollywood Central (3070-3100)
Zoning RM-9
Interior
Heating Central Heat, Electric Heat
Cooling Ceiling Fans, Central Cooling, Electric Cooling
Flooring Terrazzo Floors
Exterior
Exterior Feature Screened Porch, Storm/Security Shutters
Waterfront No
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, Cbs Construction
Sewer Septic Tank
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Florida Platinum Group, LLC
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