Hollywood, FL 33020,1418 N 16th Ave
Hollywood, FL 33020,1418 N 16th Ave
Hollywood, FL 33020,1418 N 16th Ave
4
$570,000
$570,000
Est.Price: ?

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1,992 SqFt

1418 N 16th Ave Hollywood, FL 33020

Est. payment /mo
SOLD DATE : 05/01/2023

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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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Listed by RE/MAX 5 Star Realty
Bought with United Realty Group Inc

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Marlon Persaud

Agent | License ID: SL3362985

+1(407) 216-1481

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