Nest Seekers

1859 Lincoln Street presents an opportunity to acquire a fully renovated and turnkey 4 unit multifamily property in Hollywood, Florida, consisting of four large 2 bedroom 2 bath units and ...

Hollywood, FL 33020

Listing

Web ID:5762141
Website:https://www.nestseekers.com/5762141

Property

Ownership: For Sale
Type: Unknown

Financials

Price:$1,399,000
Annual Taxes:$21,275

Description

1859 Lincoln Street presents an opportunity to acquire a fully renovated and turnkey 4-unit multifamily property in Hollywood, Florida, consisting of four large 2-bedroom/2-bath units and approximately 3,869 SF of building area. The property currently generates $9,450 in monthly rental income, with each unit separately metered for electricity and a single water meter serving the property. Recent improvements include a brand-new roof, central A/C, impact windows and doors, PVC plumbing, new kitchen cabinets, and renovated bathrooms, providing a low-maintenance asset with limited near-term capital needs. The oversized units also offer a compelling value-add opportunity with the potential to convert the existing layouts to 3-bedroom/2-bath units and further increase rental income. Conveniently located near Downtown Hollywood, the beach, major roadways, shopping, dining, and employment centers.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12078278

Amenities

  • Cable - Available

Location

Hollywood FL 33020 USA

Contact

Palm Beach, FL
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Phone: +1 561-725-9229
deborahg@nestseekers.com
Listing Courtesy of Fausto Commercial Realty Consultants Inc
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