For more information regarding the value of a property, please contact us for a free consultation.
702 N 20th Ave Hollywood, FL 33020
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $580,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,364 sqft
Price per Sqft $245
Subdivision Federal Hwy, Johnson St
MLS Listing ID F10329419
Sold Date 08/10/22
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 6160
Year Built 1953
Annual Tax Amount $8,711
Tax Year 2021
Property Description
VALUE ADD 702 N. 20th Ave. currently consists of 5 units. It must be noted that there is a violation for work being conducted without a permit. As a result, the property must be converted back to a 4 Plex. The current configuration contains 2 studio apartments, 2 one-bedroom apartments, and one two-bedroom one bath apartment. Once converted the property will contain (1/1)s + (0/1) + (2/1) + (2/2) for a total of 4 units. It is significant to note that the rents are under market value. MUST BE PURCHASED CASH. There are no liens assessed to the property. Code enforcement will allow the sale to take place and provide ample time for the purchaser to cure the violation. Property provides a 6.5% cap rate based on market rents.
Location
State FL
County Broward County
Community Value Add
Area Hollywood Central (3070-3100)
Zoning NBHD-RES
Interior
Heating Window/Wall
Cooling Wall/Window Unit Cooling
Flooring Tile Floors
Exterior
Waterfront No
Water Access N
Roof Type Barrel Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash Only
Listing Terms Cash Only
Read Less
Bought with Brokers, LLC