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ResidentialIncome in Hollywood (1,508 sq ft) - Image 1
ResidentialIncome in Hollywood (1,508 sq ft)
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ResidentialIncome in Hollywood (1,508 sq ft)
356 Balboa Street, Hollywood, FL 33019, Hollywood, FL 33019
$2,899,000
$1,922/sqft
0
Bedrooms
0
Bathrooms
1,508
Sq Ft
1953
Year Built

Description

Great opportunity for investors and developers in the North Beach area of Hollywood. This corner lot property is 3 lots owned by one owner. (8,941 square feet). Just yards away from the Ocean and the Intracoastal and ready for development. May keep together or subdivide. Currently holds a 1,508 square foot duplex built in 1953 and rented on a month to month basis. The property is zoned for residential/multifamily so build a luxury dream home or multi family to rent or sell. City told owner it is approved to build for 4 units, may be potential for 6. Buyer must verify with City.

Key Features

Built in 1953

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$2,899,000
20%
6.5%
Monthly Payment$14,659
Total Interest$2,958,012
Total Payment$5,277,212