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:  

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

©2025 Association of Palm Beaches. All rights reserved. 

Data last updated 3:51 PM UTC, 12/10/2024

 

Powered byLuxury Presence