2742 Pierce St ,Detached, Quadruplex, Hollywood Little Ranches for Sale

2742 Pierce St for Sale

Price $899,000.00

• Lot size 4418
• Year Build 1940
• Waterfront
• Zip 33020
• Style Detached
• Parking Description
• Pool Yes
• Status Active With Contract

Description

Totally renovated, legal fourplex set up as follows: Unit 1, 2/1 making $2,250 per month, Unit 2, 2/1 making $2,250 per month, Unit 3, 2/1 making $2,250 per month, Unit 4, making $1,350 per month. Total income is $8,100 per month or $97,200 per year. This is almost a 10% cap rate on current numbers, east of I-95 near downtown Hollywood! Tenants pay for all utilities. No owner expenses except prop taxes, lawn ($200) and water ($300). All leases are annual with a 30 day landlord option to increase rent or vacate. 2 meters. Roof has 10 years left. New AC's. Wholesale financing available DSCR, no income check with 20% down.

In order to avoid disturbing the tenants needlessly, the seller asks that you present a proof of funds or offer contingent upon seeing the interior and we will arrange the showing. Showings to occur once a month. Send ShowingTime request. Seller may offer concession to Buyer at an agreeable price. Do not disturb tenants. All information believed to be accurate but not warranted and subject to change without notice.

HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 W1/2 BLK 34

Less Than 1/4 Acre Lot

Totally renovated, legal fourplex set up as follows: Unit 1, 2/1 making $2,250 per month, Unit 2, 2/1 making $2,250 per month, Unit 3, 2/1 making $2,250 per month, Unit 4, making $1,350 per month. Total income is $8,100 per month or $97,200 per year. This is almost a 10% cap rate on current numbers, east of I-95 near downtown Hollywood! Tenants pay for all utilities. No owner expenses except prop taxes, lawn ($200) and water ($300). All leases are annual with a 30 day landlord option to increase rent or vacate. 2 meters. Roof has 10 years left. New AC's. Wholesale financing available DSCR, no income check with 20% down.

City:Hollywood,Zoning:RM-18,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Flooring:1:Tile,Latitude:26.0157351,Cooling Y N:1,Heating Y N:1,List Price:899000,Listing Id:A11630042,Longitude:-80.163038,Mls Status:Active With Contract,Year Built:1940,Living Area:3550,Postal Code:33020,Street Name:Pierce St,Coordinates:1:26.0157351,Photos Count:32,Building Name:HOLLYWOOD LITTLE RANCHES,Days On Market:23,Listing Terms:1:Conventional,2:FHA,3:VA Loan,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,M L S Area Major:Hollywood Little Ranches,On Market Date:2024-07-25,Parcel Number:514216024580,Parking Total:8,Property Type:Residential Income,Rent Includes:1:Sewer,2:Water,Stories Total:1,Street Number:2742,M I A M I R E_ Style:Fourplex,Public Remarks:Totally renovated, legal fourplex set up as follows: Unit 1, 2/1 making $2,250 per month, Unit 2, 2/1 making $2,250 per month, Unit 3, 2/1 making $2,250 per month, Unit 4, making $1,350 per month. Total income is $8,100 per month or $97,200 per year. This is almost a 10% cap rate on current numbers, east of I-95 near downtown Hollywood! Tenants pay for all utilities. No owner expenses except prop taxes, lawn ($200) and water ($300). All leases are annual with a 30 day landlord option to increase rent or vacate. 2 meters. Roof has 10 years left. New AC's. Wholesale financing available DSCR, no income check with 20% down.,Structure Type:1:Fourplex,County Or Parish:Broward County,List Office Name:Keller Williams Eagle Realty,Private Remarks:In order to avoid disturbing the tenants needlessly, the seller asks that you present a proof of funds or offer contingent upon seeing the interior and we will arrange the showing. Showings to occur once a month. Send ShowingTime request. Seller may offer concession to Buyer at an agreeable price. Do not disturb tenants. All information believed to be accurate but not warranted and subject to change without notice.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3840,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:HOLLYWOOD LITTLE RANCHES,Tax Annual Amount:7169,Total Actual Rent:97200,Unparsed Address:2742 Pierce St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Operating Expense:11169,Year Built Details:Resale,Building Area Total:4418,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:253.2394,Original List Price:899000,Property Condition:1:Substantially Remodeled,Public Survey Range:51,Documents Available:1:Copy Of Lease(S),I D X Participation Y N:1,Net Operating Income:86031,Number Of Units Total:4,Syndication Remarks:Totally renovated, legal fourplex set up as follows: Unit 1, 2/1 making $2,250 per month, Unit 2, 2/1 making $2,250 per month, Unit 3, 2/1 making $2,250 per month, Unit 4, making $1,350 per month. Total income is $8,100 per month or $97,200 per year. This is almost a 10% cap rate on current numbers, east of I-95 near downtown Hollywood! Tenants pay for all utilities. No owner expenses except prop taxes, lawn ($200) and water ($300). All leases are annual with a 30 day landlord option to increase rent or vacate. 2 meters. Roof has 10 years left. New AC's. Wholesale financing available DSCR, no income check with 20% down.,Listing Contract Date:2024-07-25,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:24 Hour Notice,Appointment Only,Showing Assist,Street Number Numeric:2742,Tax Legal Description:HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 W1/2 BLK 34,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2424,M I A M I R E_ Internet Remarks:Totally renovated, legal fourplex. Total income is $8,100 per month or $97,200 per year. This is a true cap rate of 10%.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-07-25,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:253.24,Internet Automated Valuation Display Y N:1,