$870,000
$899,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
2742 Pierce St Hollywood, FL 33020
3,550 SqFt
Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $245
Subdivision Hollywood Little Ranches
MLS Listing ID A11630042
Sold Date 11/06/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1940
Annual Tax Amount $7,169
Tax Year 2023
Contingent Pending Inspections
Property Description
Totally renovated, legal fourplex set up as follows: Unit 1, 2/1 making $2,250 per month, Unit 2, 2/1 making $2,250 per month, Unit 3, 2/1 making $2,250 per month, Unit 4, making $1,350 per month. Total income is $8,100 per month or $97,200 per year. This is almost a 10% cap rate on current numbers, east of I-95 near downtown Hollywood! Tenants pay for all utilities. No owner expenses except prop taxes, lawn ($200) and water ($300). All leases are annual with a 30 day landlord option to increase rent or vacate. 2 meters. Roof has 10 years left. New AC's.
Wholesale financing available DSCR, no income check with 20% down.
Location
State FL
County Broward
Community Hollywood Little Ranches
Area 3050
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 514216024580
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Bought with Keller Williams Eagle Realty