6208 Dewey St Active

Hollywood,FL 33023

$ 1450000

- Bed

- Bath

1826 SqFt


Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,826 sqft

Price per Sqft $794

Subdivision Two 4Plexes

MLS Listing ID F10457616

Style Fourplex

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 10604

Year Built 1964

Annual Tax Amount $25,174

Tax Year 2024

Property Description

The subject property is two contiguous fourplexes listed for $750,000 each ($1.5 Million total) located in west portion of Hollywood and contains eight (1/1) apartments. The property presents itself as a value-add opportunity due to the rents being approximately over 50% below market value with each unit renting at approximately $1000 per month. Market rent is estimated at $1500 per month.
Hollywood is experiencing a tremendous renaissance with the majority of new construction consisting of residential development. The area is considered to have the 2nd largest supply pipeline across all Fort Lauderdale submarkets.
The subject property provides a unique opportunity to take advantage of the strong demographics and demand whereby creating value by repositioning the asset.

Location

State FL

County Broward County

Community Two 4Pleses $750K Ea

Area Hollywood Central (3070-3100)

Zoning RS-6

Interior

Heating Window/Wall

Cooling Wall/Window Unit Cooling

Flooring Ceramic Floor

Exterior

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

Sewer Septic Tank

Water Municipal Water

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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