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1737 Dewey St, Hollywood, FL 33020

$890,000
: 1,696
SqFt

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List Price: $890,000
MLS: A12094784
Complex Name: Hollywood South Side Add
Status: ACTIVE
Type: Multifamily
Living Area: 1,696

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Property Description

INVESTOR ALERT! Excellent investment opportunity in an up-and-coming neighborhood! Ideal for first-time investors, savvy investors, and first-time homebuyers. Perfect for long-term rentals or short-term rental strategies, subject to applicable regulations. This property features 4 independent units, making it an easy-to-manage income-producing property. Located just 5 minutes from Hollywood Beach and 2 minutes from Downtown Hollywood, in an FH-2 zoning district and Opportunity Zone, allowing potential for additional units/floors and a variety of uses, subject to applicable approvals. Each unit has split A/C, plus a shared laundry room and 4 parking spaces. The two rear units feature spacious, fenced-in patios perfect for outdoor living. Two renovated units are rented to excellent long-term tenants. The remaining two units are currently being renovated and are expected to be completed by mid-October or before, providing an opportunity for increased rental income once completed. Great location, existing income, and future development potential.

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Additional Information

Days on Market: 1
Style: Quadruplex, Fourplex
Special Information: Substantially Remodeled
#Parking Spaces: 4
Year Built: 1974
Development Name: Hollywood South Side Add
#Stories: 1
Construction Type: Concrete Block Construction
Section: 22