1924 Washington St,Detached, Quadruplex, Quadruplex, Fourplex, Hollywood South Side Add

1924 Washington St, Hollywood, Florida, 33020

Price $729,900.00

  • Lot size 2590
  • Year Build 1948
  • Waterfront
  • Zip 33020
  • Style Detached
  • Parking Description
  • Pool Yes
  • Status Active
Contact usSchedule Tour

Description

Great 4 unit building near Downtown Hollywood. The building sits on a Double lot of 12,449 sq. ft which is zoned RM-12. Besides providing ample area for the tenant's enjoyment, an investor can develop this lot and build an additional 4-8 units. There is ample parking in the alleyway. This property is very well maintained and upgraded throughout. The current GOI is $55,200 per year with $15,000 in expenses, netting $40,200 annually. This provides an investor 5% capitalization rate. Super location, walk to Hollywood downtown, close to beaches. Tenants are month to month. The two 1 bedrooms and the studio can be increased $100 after closing with the new buyer. Buyer would have a capitalization rate of 6%.

Appointment only with Proof of Funds. Expenses include water, insurance, taxes, landscaping. All on month to month leases and have been there for several years. You can increase the rents on the Studio, and the two - one bedrooms after purchase $100 at least. The 3 bedroom unit was just rented and pays the electric for the Studio. Seller motivated.

HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 20 W 20,21,22 E 30 BLK 5

3/4 To Less Than 1 Acre Lot

Great 4 unit building near Downtown Hollywood. The building sits on a Double lot of 12,449 sq. ft which is zoned RM-12. Besides providing ample area for the tenant's enjoyment, an investor can develop this lot and build an additional 4-8 units. There is ample parking in the alleyway. This property is very well maintained and upgraded throughout. The current GOI is $55,200 per year with $15,000 in expenses, netting $40,200 annually. This provides an investor 5% capitalization rate. Super location, walk to Hollywood downtown, close to beaches. Tenants are month to month. The two 1 bedrooms and the studio can be increased $100 after closing with the new buyer. Buyer would have a capitalization rate of 6%.

City:Hollywood,Zoning:RM -12,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2021,Cooling Y N:1,Heating Y N:1,List Price:729900,Listing Id:A11091885,Mls Status:Active,Year Built:1948,Living Area:2590,Postal Code:33020,Street Name:Washington St,Coordinates:1:26.0038062,Photos Count:27,Building Name:HOLLYWOOD SOUTH SIDE ADD,Days On Market:63,Lot Size Units:Square Feet,M L S Area Major:Hollywood South Side Add,On Market Date:2021-08-30,Parcel Number:514222100860,Parking Total:6,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:1,Street Number:1924,M I A M I R E_ Style:Fourplex,Public Remarks:Great 4 unit building near Downtown Hollywood. The building sits on a Double lot of 12,449 sq. ft which is zoned RM-12. Besides providing ample area for the tenant's enjoyment, an investor can develop this lot and build an additional 4-8 units. There is ample parking in the alleyway. This property is very well maintained and upgraded throughout. The current GOI is $55,200 per year with $15,000 in expenses, netting $40,200 annually. This provides an investor 5% capitalization rate. Super location, walk to Hollywood downtown, close to beaches. Tenants are month to month. The two 1 bedrooms and the studio can be increased $100 after closing with the new buyer. Buyer would have a capitalization rate of 6%.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2022-09-02,Private Remarks:Appointment only with Proof of Funds. Expenses include water, insurance, taxes, landscaping. All on month to month leases and have been there for several years. You can increase the rents on the Studio, and the two - one bedrooms after purchase $100 at least. The 3 bedroom unit was just rented and pays the electric for the Studio. Seller motivated.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Postal Code Plus4:6046,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:HOLLYWOOD SOUTH SIDE ADD,Tax Annual Amount:9245,Total Actual Rent:54000,Unparsed Address:1924 Washington St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Operating Expense:14945,Year Built Details:Resale,Building Area Total:2590,Building Area Units:Square Feet,Lot Size Square Feet:2590,M I A M I R E_ L P Amt Sq Ft:281.8147,Original List Price:824900,Previous List Price:725000,Public Survey Range:51,Documents Available:1:Deposit - Security,2:Copy Of Lease(S),3:Existing Survey,I D X Participation Y N:1,Net Operating Income:39055,Number Of Units Total:4,Syndication Remarks:Great 4 unit building near Downtown Hollywood. The building sits on a Double lot of 12,449 sq. ft which is zoned RM-12. Besides providing ample area for the tenant's enjoyment, an investor can develop this lot and build an additional 4-8 units. There is ample parking in the alleyway. This property is very well maintained and upgraded throughout. The current GOI is $55,200 per year with $15,000 in expenses, netting $40,200 annually. This provides an investor 5% capitalization rate. Super location, walk to Hollywood downtown, close to beaches. Tenants are month to month. The two 1 bedrooms and the studio can be increased $100 after closing with the new buyer. Buyer would have a capitalization rate of 6%.,Listing Contract Date:2021-08-30,Originating System I D:miamire,Public Survey Section:22,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:1924,Tax Legal Description:HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 20 W 20,21,22 E 30 BLK 5,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:2590,Contract Status Change Date:2021-08-30,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:281.81,Internet Automated Valuation Display Y N:1,

  • Price $729,900.00
  • Price Change: 2021-10-29
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1948
  • Waterfront
  • View
  • Pool Yes
  • Style Detached
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Ceramic Floor
  • Property Type Residential Income
  • Status Active
  • Listed 2021-10-29
  • Days on Market 89
  • Furnished
  • City Hollywood
  • Zip 33020
  • State Florida
  • Subdivision HOLLYWOOD SOUTH SIDE ADD
  • Development Name HOLLYWOOD SOUTH SIDE ADD, Hollywood South Side Add
  • HOA Fees
  • Taxes 9245
  • Taxes Year 2021