Corner Duplex near Beach – 1508 Garfield St Hollywood, FL 33020 For Sale

  • $389,000
  • 4 beds
  • 4 baths
  • 1645 sqft

Investment property near Hollywood Beach, FL    Easily use as 4 units if needed.

Prime Location only a one mile from Hollywood Beach.  The projected monthly income on this property is $3,600. per month with updating. This is also a great area for Air BnB rentals being so close to beach and golf course.  This is a high demand area and not many properties like this become available for sale. Can be used as 2/2 on each side or 3/3 and 1/1 or use as 4 units. The property has been recently painted and has Central A/C on both sides and newer appliances. Roof is about 15 years old with no leaks.

Unit A:  Current actual income of $975. on month to month 1/1

Unit B:  Current actual income of $1,750. on month to month  3/3

Drive by only.  Please do not disturb the tenants or walk on property.  Viewing or inspections will only be done after an acceptable as-is contract for at least 389k  has been submitted with proof of funds or pre-approval letter.

Hollywood-Duplex-Projection-Report-Property-Report-9Itfg

Rental comparable rates in the area:

1/1 – $975 to $1,400

2/2 – $1,700 to $2,100

3/3 – $2,000 to $2,600

Please contact Dave Macri, Broker/owner  954-295-5248

Click here for Property Analysis and Projections Report

 

Price:
$389,000
Address:
1508 Garfield St.
Hollywood, FL 33020
Square Feet:
1645
Lot Size:
5719
Bedrooms:
4
Bathrooms:
4
Terms:
For Sale
Property Type:
Duplex
Year Built:
1956
Const. Type:
CBS

Call (954) 983-6600 for more details

Property Location

Gross rents 32,700 insurance 3,100 taxes 3,967 utilities 3,865 current cap rate 6% projected cap 9%