Basic Information

  • MLS # F10329419
  • Type Quadruplex
  • Status Closed
  • Subdivision/Complex Federal Hwy, Johnson St
  • Year Built 1953
  • Total Sqft 2,364
  • Date Listed 05/04/2022
  • Days on Market 98
Description

VALUE ADD 702 N. 20th Ave. currently consists of 5 units. It must be noted that there is a violation for work being conducted without a permit. As a result, the property must be converted back to a 4 Plex. The current configuration contains 2 studio apartments, 2 one-bedroom apartments, and one two-bedroom one bath apartment. Once converted the property will contain 11s + 01 + 21 + 22 for a total of 4 units. It is significant to note that the rents are under market value. MUST BE PURCHASED CASH. There are no liens assessed to the property. Code enforcement will allow the sale to take place and provide ample time for the purchaser to cure the violation. Property provides a 6.5 cap rate based on market rents.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 2,364Sq.Ft
  • Cooling Description Wall Window Units
  • Floor Description Tile
  • Heating Description Wall Furnace
  • Sqft 2,364 Sq.Ft

Property Features

  • Address 702 N 20th Ave
  • Aprox. Lot Size 2,364
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Federal Hwy, Johnson St
  • Tax Amount $8,711
  • Tax Legal desc BUCHANAN CENTER 24-37 B LOT 1 BLK 2
  • Tax Year 2021
  • Terms Considered Cash
  • Type of Property Quadruplex

702 N 20th Ave

Hollywood, FL 33020

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