Sold
Closed
6208 Dewey St
Hollywood FL, 33023
$1,225,000
$670.87 per sqft
Sold
Closed
1,826 sqft
Multi-family
Built in 1964
The subject property is two contiguous fourplexes listed for $750,000 each ($1.5 Million total) located in west portion of Hollywood and contains eight (1/1) apartments. The property presents itself as a value-add opportunity due to the rents being approximately over 50% below market value with each unit renting at approximately $1000 per month. Market rent is estimated at $1500 per month.
Hollywood is experiencing a tremendous renaissance with the majority of new construction consisting of residential development. The area is considered to have the 2nd largest supply pipeline across all Fort Lauderdale submarkets.
The subject property provides a unique opportunity to take advantage of the strong demographics and demand whereby creating value by repositioning the asset.
F10457616
MLSⓇ ID
August 22, 2024
Listed
December 10, 2024
Updated
Map
6208 Dewey St
Hollywood FL, 33023
Interior Features
Total Stories
1
Floor Description
Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Features
1/4 Acre
Architectual Style
Fourplex
Roof
Composition, Shingle
Sewer
Septic Tank
Other Property Details
Area Name
3070
Taxes
$25,174
Tax Frequency
Annually
Days on Market
55
Garage
No
Parking Total
12
View
No
County
Broward
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
12/10/2024 | Sold | $1,225,000 |
10/3/2024 | Price change | $1,450,000 93% |
Listed by: Media Realty
Listing Contact:
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Data last updated 3:51 PM UTC, 12/10/2024