Basics
- Category: Residential
- Type: SingleFamilyResidence
- Status: Active
- Bedrooms: 3
- Bathrooms: 2
- Half baths: 0
- Total rooms: 3
- Floors: 1, 1
- Area: 1440 sq ft
- Year built: 1949
- Subdivision Name: HOLLYWOOD LITTLE RANCHES
- County: Broward
- MLS ID: B26036952
Description
-
Description:
HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14 Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k-$679k active, $410k-$580k sold. Subject property: 3/2 house + 8 (2 bedroom) units buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.5M. All in:~$2.2M Projected value:$3M+ = ~$1M equity. Potential ~10% cap. Opportunity zone. Seller will finance
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Location
- Lot Size Acres: 0.35 acres
Building Details
- Water Source: Public
- Architectural Style: ContemporaryModern,OneStory
- Lot Features: LessThanOneAcre,OversizedLot,QuarterToHalfAcreLot
- Sewer: PublicSewer,PrivateSewer,SepticTank,TreatmentPlant
- Construction Materials: Block,Stucco
- Covered Spaces: 1
- Levels: One
- Floor covering: Parquet, Terrazzo, Tile, Vinyl
Amenities & Features
- Pool Features: None
- Parking Features: Attached,Covered,Garage,TwoOrMoreSpaces
- Security Features: SmokeDetectors
- Parking Total: 4
- Roof: Composition,Flat,Shingle,Tile
- Utilities: CableAvailable,ElectricityAvailable,Other,PhoneAvailable,SewerAvailable,WaterAvailable
- Cooling: CeilingFans,WallWindowUnits
- Exterior Features: Other,Awnings
- Furnished: Unfurnished
- Heating: WallFurnace
- Interior Features: BedroomOnMainLevel,MainLivingAreaEntryLevel,Other,SplitBedrooms
- Appliances: BuiltInOven,Dryer,ElectricRange,Microwave,Other,Refrigerator,SolarHotWater,SelfCleaningOven,Washer
Nearby Schools
- Middle Or Junior School: Olsen
- Elementary School: Oakridge
- High School: South Broward
Expenses, Fees & Taxes
- Tax Annual Amount: $9,666
- Tax Year: 2025
Miscellaneous
- List Office Name: United Realty Group Inc.
- Listing Terms: Cash,Conventional,Cryptocurrency,Exchange1031,OwnerMayCarry,OwnerMayCarrySecond
- Direction Faces: South