6204 Dewey St Hollywood, FL 33023
The subject property is 2contiguous 4plexes located in central Hollywood & contains eight (1/1) apartments. The property presents itself as a value-add opportunity due to the rents being approximately over 50% below market value with each unit renting at approximately $1000 per month. Market rent is estimated at $1500 per month. Hollywood is experiencing a tremendous renaissance with the majority of new construction consisting of residential development. The area is considered to have the 2nd largest supply pipeline across all Fort Lauderdale submarkets where over 70% of the new residential supply set to be delivered will be luxury rentals. The subject property provides a unique opportunity to take advantage of the strong demand thereby creating value by repositioning the asset.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBroward
- Taxes$15,196
- HOA/Condo/Coop Fees$0
- Days on Site122 Days
- MLS StatusActive
- MLS ID NumberF10432430
- Home Size Source N/A
- Year Built1964
- Lot Size0.1217 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Block
- Number of Stories 11
- Acreage 0.1217
- Water Public
- Zoning RS-6
- Property Sub Type Multi Family
Exterior Features
- Roof CompositionShingle
- Waterfront Property No
Community Features
- MLS Area 3070