1856 Lincoln St, Hollywood FL 33020,Hollywood,Broward County,Commercial Sale

  • $2,250,000
1856 Lincoln St, Hollywood FL 33020

Overview

  • Income/MultiFamily
  • Property Type
  • 1931
  • Year Built

Description

Introducing 1856 Lincoln St, a turnkey 12-unit multifamily gem just minutes away from Young Circle and downtown Hollywood, conveniently located off of US-1. Carefully renovated, this property offers a mix of eight 1-bed/1-bath units and four studio units, each boasting new vinyl flooring, modern kitchens, and stylish bathrooms.
Recent upgrades include a resealed roof and freshly painted exterior, ensuring durability and curb appeal. While currently 50% occupied, the property is steadily filling up, poised to generate over $228,000 annually, promising remarkable returns for investors at almost a 8% proforma CAP!
Don’t miss this opportunity to own a meticulously maintained multifamily property in a prime location. Contact us today for further details and to schedule a viewing.

Details

Updated on April 8, 2024 at 10:53 am
  • Price: $2,250,000
  • Year Built: 1931
  • Property Type: Income/MultiFamily
  • Property Status: Commercial Sale

Additional details

  • PublicSurveyRange: 51
  • ShowingInstructions: Call Listing Agent
  • LeaseAssignableYN: no
  • ListAgentKey: 1935ebadec8c69d7a6e4620d2dae77a8
  • TaxLegalDescription: HOLLYWOOD 1-21 B LOT 30 BLK 47
  • OnMarketDate: 2024-04-07
  • ListAgentEmail: elevi@faustocommercial.com
  • ContractStatusChangeDate: 2024-04-07
  • MajorChangeTimestamp: 2024-04-08T03:10:45.437Z
  • Flooring: Other, Vinyl
  • PhotosCount: 22
  • SubAgencyCompensation: 2%
  • Cooling: Wall/Window Unit(s)
  • StatusChangeTimestamp: 2024-04-08T03:10:45.437Z
  • FinancialDataSource: Owner Provided, Projected Pro-Forma
  • PriceChangeTimestamp: 2024-04-08T02:29:29.480Z
  • ListingKeyNumeric: 394227123
  • MajorChangeType: New
  • ListingContractDate: 2024-04-07
  • ListAOR: A-Miami Association of REALTORS
  • TaxAnnualAmount: 34361
  • ListOfficeName: Fausto Commercial Realty Consultants Inc
  • OriginatingSystemKey: miamire
  • BusinessType: Apartments
  • DualVariableCompensationYN: no
  • PhotosChangeTimestamp: 2024-04-08T03:16:02.250Z
  • OriginatingSystemName: Miami Association of REALTORS®
  • ListOfficePhone: 9547437594
  • MlsStatus: Active
  • StreetNumber: 1856
  • LeaseTerm: 1 To 3 Year Lease
  • ListingKey: 2958317aaea2397240c1ff268830e7ad
  • StateOrProvince: FL
  • ShowingContactType: Agent
  • ListOfficeKey: 7cfc112ff185580637392301ab94285c
  • BridgeModificationTimestamp: 2024-04-08T03:16:02.468Z
  • ListAgentFullName: Elior Levi
  • Roof: Built-Up
  • ListAgentOfficePhone: 9547437594
  • Stories: 2
  • ParcelNumber: 514215018850
  • ListingTerms: All Cash, Conventional/Refinance
  • SignOnPropertyYN: no
  • LeaseRenewalOptionYN: no
  • OtherExpense: 0
  • Possession: Funding
  • LeaseConsideredYN: yes
  • IDXParticipationYN: yes
  • InternetAddressDisplayYN: yes
  • ListAgentMlsId: 3574869
  • StoriesTotal: 2
  • ModificationTimestamp: 2024-04-08T03:10:45.437Z
  • OriginatingSystemID: miamire
  • LandLeaseYN: no
  • DaysOnMarket: 0
  • BuyerAgencyCompensationType: %
  • ListOfficeMlsId: FAUS01
  • ListAgentDirectPhone: 954-743-7594
  • StreetNumberNumeric: 1856
  • ParkingFeatures: Other, On Street
  • PostalCodePlus4: 3586
  • NumberOfUnitsInCommunity: 5
  • Sewer: Public Sanitation
  • SyndicationRemarks: Introducing 1856 Lincoln St, a turnkey 12-unit multifamily gem just minutes away from Young Circle and downtown Hollywood, conveniently located off of US-1. Carefully renovated, this property offers a mix of eight 1-bed/1-bath units and four studio units, each boasting new vinyl flooring, modern kitchens, and stylish bathrooms. Recent upgrades include a resealed roof and freshly painted exterior, ensuring durability and curb appeal. While currently 50% occupied, the property is steadily filling up, poised to generate over $228, 000 annually, promising remarkable returns for investors at almost a 8% proforma CAP! Don't miss this opportunity to own a meticulously maintained multifamily property in a prime location. Contact us today for further details and to schedule a viewing.
  • Heating: Other
  • ListAgentStateLicense: 3574869
  • PublicSurveyTownship: 51
  • ListOfficeFax: 305-675-0365
  • ListingAgreement: Exclusive Right To Sell
  • PublicSurveySection: 15
  • ListingId: A11564975
  • SpecialListingConditions: Sale
  • NumberOfBuildings: 1
  • OriginalListPrice: 2250000
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: yes
  • BuyerAgencyCompensation: 2%
  • InternetAutomatedValuationDisplayYN: yes
  • OriginalEntryTimestamp: 2024-04-08T03:10:45.437Z
  • SourceSystemKey: 394227123
  • DocumentsAvailable: Aerial Photo(S), Investment Analysis, Rent Rolls
  • ConstructionMaterials: Frame With Stucco, Other
  • LotSizeSquareFeet: 5458
  • InternetConsumerCommentYN: yes
  • BuildingAreaTotal: 5996
  • Address Lincoln St
  • City Hollywood
  • State/county Broward County
  • Zip/Postal Code 33020

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