Seller Financing
Address
1956 Lincoln St Hollywood, FL
Price
$ 1,250,000
Property Attributes
  • MLS#A10912436
  • TypeCommercial
  • CountyBROWARD
  • CityHollywood
  • Area3050
  • Zip33020
  • StyleMultiFamily
  • Year Built1952
  • Taxes23722
  • Price$ 1,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,839 SqFt
Listing Provided Courtesy Of:
RE/MAX 5 Star Realty
Property Description

The subject property consists of 1-1B 1B, 8 large studios and 1 efficiency. The total building size is 3,588 sf, well situated on a large 10,000 sf lot. All apartments are leased and in overall excellent condition. Most of the units have been recently renovated and include new kitchens and bathrooms, ceramic flooring, new appliances, impact windows, newer water heaters and new HVAC. The apartments are leased between $645 $975 per month, grossing $101,400 per year. After all expenses, this property is netting $62,800 per year providing an investor with an 5.00% actual capitalization rate. Seller financing available with 30% down at 6% annual interest at a 5-year balloon, subject to buyers' qualifications. Can be sold with A10912431 and A10912458 creating a 28 unit portfolio.

Price History
8/18/2020 Listed $1,250,000

General Features

MLS Area 3050
Property SubType MultiFamily
Property Type CommercialSale
Zoning Description PS-1

Exterior Features

Covered Spaces 0.0
Lot Size Area 9839.0
Lot Size Square Feet 9839.0
Structure Type Apartment

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33020

Price
AVG $1.4M
$1.25M
Taxes
AVG $22,946
$23,722
Visits
AVG 26
11
Year Built
AVG 1959
1952
Walkscore
AVG 77
75
Data Provided by Walkscore ® not using MLS data

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