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702 N 20th Ave

Hollywood, FL 33020
  • $580,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: F10329419
UPDATED: 33 min ago
$580,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,364
    SQFT
  • $245
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

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.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-05-26T18:18:41.5.
www.djandlindsey.com/homes/128353174
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702 N 20th Ave Hollywood, FL 33020

  • Price: $580,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 33 min ago
  • MLS #: F10329419
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,364
SQFT
$245
$/SQFT
1953
Built
Neighborhood:
Federal Hwy, Johnson St
County:
Broward
Area:
3070
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.
Exterior Features

Approximate Lot Size 6160 Construction Type Cbs Construction Lot Description Less Than 1/4 Acre Lot Parking Spaces 5 Pool No Property Type Information AttachedRanch Roof Description Barrel Roof Style Fourplex Type Of Property Fourplex Waterfront Property YN No

Interior Features

Cooling Description Wall/Window Unit Cooling Floor Description Tile Floors Heating Description Window/Wall Sq Ft Total 2364

Property Features

Association Type None Auction YN No Cable Available Yes Development Name Value Add Gated Community YN No Geographic Area Hollywood Central (3070-3100) Information Available Rent Rolls Possession Information Funding Rent Includes Water REO No Sewer Description Municipal Sewer Short Sale No Subdivision Name Federal HwyJohnson St Tax Amount 8711 Tax Information Tax Reflects City & County Tax Tax Year 2021 Terms Considered Cash Only Total Units 4 Year Built Description Resale Zoning Information Nbhd-Res

Listing provided courtesy of Media Realty. Listing information © 2022 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-05-26T18:18:41.5.
 
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DJ & Lindsey Real Estate
731 A1A Beach Boulevard
Saint Augustine FL, 32080