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1431 N 14th Way Hollywood, FL 33020
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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,897 sqft
Price per Sqft $295
Subdivision Floyd H Steward Sub
MLS Listing ID A11358202
Sold Date 06/16/23
Construction Status Effective Year Built
HOA Y/N No
Year Built 1975
Annual Tax Amount $7,094
Tax Year 2022
Contingent 3rd Party Approval
Property Sub-Type Duplex
Property Description
This property is located in desirable area of East Hollywood. The physical property consists of 1,897 leasable SF, well situated on a 5,695 sf lot. The property is currently 100% leased to two month to month tenants. The 2 bedroom apartments is leased for $1,500.00 and the studio is leased for $700 per month, grossing $26,400 per year. The tenants pay all utilities. After all expenses this property is netting $28,525 per year providing an investor with a 5% 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 Floyd H Steward Sub
Area 3030
Interior
Heating Central
Cooling Central Air
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Other
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 514210240101
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Financing Conventional
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Bought with Global Luxury Realty LLC