Hollywood Terrace, 2419-2421 Johnson St Hollywood, FL 33020

799,000(-12.4% )
$699,900Price
2,287SqFt

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Details

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Size: 2,287 ft2 / 212 m2
Price: $306 ft2 / $3,294 m2
Built: 1980
MLS Number: A11592770
On Site: 316 Days
Updated: 13 Days ago
Page Views: 0
Huge price reduction!!! Recently updated investor special!!! Selling for less than recent appraisal! Great income producing property located in the heart of hollywood, fl. The property has 2 units: (1) 3/2 renovated and rented below market price at $2250/month; (2) 2/2 rented at $2250/month. Large lot for potential redevelopment in the future. Current zoning is rm-9. Well maintained. Tenants pay their own utility bills for water/sewer/garbage and electricity on separate meters. Raise rents to market prices and easily achieve 9%+ cap rate with minimal involvement or effort. Great for out-of-town investors. Long term tenants (all annual leases recently signed) willing to stay with rental increases of 5% per year. Don't miss this opportunity! Easy to manage and certain to go up in value!!!

Features

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

09/10/2024

Date

Price Reduced

Event

$699.9K

Price

-12.4%

Change Rate

$306 ft2 / $3,294 m2

Price Per

05/22/2024

Date

Listed

Event

$799K

Price

$349 ft2 / $3,761 m2

Price Per

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

Listed by Steven LandauLandau Realty Group • Buyer Agency Compensation .

Instant Comparative Market Analysis

$100/ft²
$200/ft²
$400/ft²
$700/ft²

Unit 2419-2421 Johnson St – Asking

$306/ft²

(+4%) from Closed Medium $/ft²

Closed Medium $/ft²

$293/ft²
Community $/Price Range (Closed) $184/ft² – $524/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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