Multifamily in Hollywood, FL 33021

305 N 58th Ave #A-B

This Duplex is a 2/2 on each side in a great rental area. The property does not need any major renovations. Roofis 3 years old and both central a/c units are updated. Nice big yard and great location. Property has new accordian hurricane shutters. Current rents are $1,395. for each side on a month to month but can be increased to $1,595. if updated. The internal rate of return in the 2nd year would be 17.8%. Sold comps are 350k and the after repair value with increased rents would be close to 400k. Please do not bother the tenants. Viewing of inside will only be allowed with an appointment an pre-qualification letter. The master bedrooms have exterior doors so you can make property into 4 units if needed. Great investment for the future!