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702 N 20th Ave

Hollywood, FL 33020
  • $896,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: F10327485
$896,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1953
County:
Area:

School Ratings & Info

Description

The 2 properties, 702 and 708 N. 20th Ave., must be sold all cash as a package. Property Description: 702 N. 20th Ave. currently has 5 units although it is a legal 4plex. The current configuration is 2 (0/1) + 2 (1/1) + (2/1). Once converted the property will contain (1/1) + (0/1) + (2/1) + (2/2) for a total of 4 units. 708 N 20th Ave consists of 2 (2/2) Apts. Rents for both properties are under market. Due to the nonconforming use which has been tagged by the city, the asking price provides an astute investor the opportunity to acquire a value-add opportunity. Current PGI $82,620. Stabilized PGI $101,400. *********DOWNLOAD THE OM for all salient info regarding offer including income & expense, lease and comparable sale analysis.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-06-28T00:18:36.093.
www.castellihomes.com/homes/127921021
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702 N 20th Ave Hollywood, FL 33020

  • Price: $896,000
  • Status: Active
  • On Site: 67 Days
  • MLS #: F10327485
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1953
Built
Neighborhood:
Non-Conforming 7Plex
County:
Broward
Area:
3050
Property Description
The 2 properties, 702 and 708 N. 20th Ave., must be sold all cash as a package. Property Description: 702 N. 20th Ave. currently has 5 units although it is a legal 4plex. The current configuration is 2 (0/1) + 2 (1/1) + (2/1). Once converted the property will contain (1/1) + (0/1) + (2/1) + (2/2) for a total of 4 units. 708 N 20th Ave consists of 2 (2/2) Apts. Rents for both properties are under market. Due to the nonconforming use which has been tagged by the city, the asking price provides an astute investor the opportunity to acquire a value-add opportunity. Current PGI $82,620. Stabilized PGI $101,400. *********DOWNLOAD THE OM for all salient info regarding offer including income & expense, lease and comparable sale analysis.
Exterior Features

Approximate Lot Size 12414 Type Of Property Income/Multi-Family

Interior Features

Sq Ft Total 3845

Property Features

Auction YN No Building Name Number Non-Conforming 7Plex Environmental Audit None Geographic Area Hollywood East (3010-3050) Possession Information Funding Property Sq Ft 12414 REO No Short Sale No Terms Considered Cash Year Built Description Resale Zoning Information Rmcra-18

Listing provided courtesy of Media Realty. Listing information © 2022 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-06-28T00:18:36.093.
 
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