1856 Lincoln St ,Apartments for Sale & Rent

1856 Lincoln St for Sale & Rent

Price $2,250,000.00

• Lot size 5996
• Year Build 1931
• Waterfront
• Zip 33020
• Style
• Parking Description Other, On Street
• Pool Yes
• Status Active

Description

Introducing 1856 Lincoln St, a turnkey 12-unit multifamily gem just minutes away from Young Circle and downtown Hollywood, conveniently located off of US-1. Carefully renovated, this property offers a mix of eight 1-bed/1-bath units and four studio units, each boasting new vinyl flooring, modern kitchens, and stylish bathrooms. Recent upgrades include a resealed roof and freshly painted exterior, ensuring durability and curb appeal. While currently 50% occupied, the property is steadily filling up, poised to generate over $228,000 annually, promising remarkable returns for investors at almost a 8% proforma CAP! Don't miss this opportunity to own a meticulously maintained multifamily property in a prime location. Contact us today for further details and to schedule a viewing.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11564975

HOLLYWOOD 1-21 B LOT 30 BLK 47

Introducing 1856 Lincoln St, a turnkey 12-unit multifamily gem just minutes away from Young Circle and downtown Hollywood, conveniently located off of US-1. Carefully renovated, this property offers a mix of eight 1-bed/1-bath units and four studio units, each boasting new vinyl flooring, modern kitchens, and stylish bathrooms. Recent upgrades include a resealed roof and freshly painted exterior, ensuring durability and curb appeal. While currently 50% occupied, the property is steadily filling up, poised to generate over $228,000 annually, promising remarkable returns for investors at almost a 8% proforma CAP! Don't miss this opportunity to own a meticulously maintained multifamily property in a prime location. Contact us today for further details and to schedule a viewing.

City:Hollywood,Zoning:ND-2,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Vinyl,Latitude:26.0177186,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:2250000,Listing Id:A11564975,Longitude:-80.1448841,Mls Status:Active,Year Built:1931,Postal Code:33020,Street Name:Lincoln St,Tenant Pays:1:Other,Coordinates:1:26.0177186,Photos Count:22,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,On Market Date:2024-04-07,Parcel Number:514215018850,Property Type:Commercial Sale,Stories Total:2,Street Number:1856,Open Parking Y N:1,Public Remarks:Introducing 1856 Lincoln St, a turnkey 12-unit multifamily gem just minutes away from Young Circle and downtown Hollywood, conveniently located off of US-1. Carefully renovated, this property offers a mix of eight 1-bed/1-bath units and four studio units, each boasting new vinyl flooring, modern kitchens, and stylish bathrooms. Recent upgrades include a resealed roof and freshly painted exterior, ensuring durability and curb appeal. While currently 50% occupied, the property is steadily filling up, poised to generate over $228,000 annually, promising remarkable returns for investors at almost a 8% proforma CAP! Don't miss this opportunity to own a meticulously maintained multifamily property in a prime location. Contact us today for further details and to schedule a viewing.,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:On Street,Postal Code Plus4:3586,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:34361,Unparsed Address:1856 Lincoln St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:5996,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:5458,Number Of Buildings:1,Original List Price:2250000,Public Survey Range:51,Documents Available:1:Investment Analysis,2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Introducing 1856 Lincoln St, a turnkey 12-unit multifamily gem just minutes away from Young Circle and downtown Hollywood, conveniently located off of US-1. Carefully renovated, this property offers a mix of eight 1-bed/1-bath units and four studio units, each boasting new vinyl flooring, modern kitchens, and stylish bathrooms. Recent upgrades include a resealed roof and freshly painted exterior, ensuring durability and curb appeal. While currently 50% occupied, the property is steadily filling up, poised to generate over $228,000 annually, promising remarkable returns for investors at almost a 8% proforma CAP! Don't miss this opportunity to own a meticulously maintained multifamily property in a prime location. Contact us today for further details and to schedule a viewing.,Financial Data Source:1:Projected Pro-Forma,Listing Contract Date:2024-04-07,Originating System I D:miamire,Public Survey Section:15,Showing Instructions:Call Listing Agent,Street Number Numeric:1856,Tax Legal Description:HOLLYWOOD 1-21 B LOT 30 BLK 47,Public Survey Township:51,Construction Materials:1:Other,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial,Contract Status Change Date:2024-04-07,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,