6208 Dewey St Active Save Request In-Person Tour Request Virtual Tour
Hollywood,FL 33023
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
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
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Septic Tank
Water Municipal Water
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional