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1418 N 16th Ave Hollywood, FL 33020
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Key Details
Sold Price $570,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,992 sqft
Price per Sqft $286
Subdivision Poinsetta Park
MLS Listing ID A11358250
Sold Date 05/01/23
Construction Status Effective Year Built
HOA Y/N No
Year Built 1961
Annual Tax Amount $6,252
Tax Year 2022
Contingent 3rd Party Approval
Property Description
This 2 unit property is located in desirable area of East Hollywood. The physical property consists of 1,992 leasable SF, well situated on a 5,597 sf lot. The property is currently 100% leased to 2 month to month tenants. Both units are leased at $1,560 per month. The property is grossing $37,400 per year. The tenants pay all utilities. After all expenses this property is netting $25,789 per year providing an investor with a 4.52% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
Location
State FL
County Broward County
Community Poinsetta Park
Area 3030
Interior
Heating Central
Cooling Central Air
Flooring Wood
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 2
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 514210200060
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Financing Cash
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Bought with United Realty Group Inc
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