Closed

Flamingo Manors, 2128-2130 N 14th Ave, Hollywood, FL 33020

599,000(-4.84% )
1,776SqFt

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Details

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Status:
Sold - Nov 01, 2023
Size: 1,776 SqFt (165 m2)
Price: $321/SqFt ($3,455/m2)
Type: Multi Family
Built: 1973
MLS Number: A11358279
On Site: 878 Days
Updated: 648 Days ago
Page Views: 0
This 2 unit duplex building is located in an extremely desirable area within west hollywood. The physical property consists of 1,967 leasable sf, well situated on a 6,372 sf lot. he property is currently 100% leased to two month to month tenants. The two 2 bedrooms and 1 bath apartments are leased for $1,550.00, grossing $37,200 per year. The tenants pay all utilities. After all expenses this property is netting $24,004 per year providing an investor with a 4% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Tile
        • Year Built: 1973
        • Year Built Description: Effective Year Built
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2023-03-16T16:45:26.000-00:00
          Taxes, Fees & More
          • Taxes: 8640

          Price History

          11/01/2023

          Date

          Sold

          Event

          $570K

          Price

          -4.84%

          Change Rate

          $321 ft2 / $3,455 m2

          Price Per

          03/16/2023

          Date

          Listed

          Event

          $599K

          Price

          $337 ft2 / $3,630 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by John DeMarcoRE/MAX 5 Star Realty • Buyer Agency Compensation .

          Instant Comps

          $200/ft²
          $200/ft²
          $300/ft²
          $500/ft²

          Unit 2128-2130 N 14th Ave – Asking

          $321/ft²

          (-1%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $324/ft²
          Community $/Price Range (Closed) $310/ft² – $338/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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