GREAT FIX AND FLIP OR BUY AND HOLD

Description

2 bed 1 bath Main house + 2/1 + 2/1 Duplex in Hollywood Little Ranches

2646 Johnson St Hollywood, FL 33020

Living area: 3,097 sq ft

Lot size: 22,090 sq ft

Year built: 1956

Zoning: RM- 18 (Multifamily 2-9 units)

Description:

Amazing multifamily property on a huge lot only a few blocks West of Young Circle in Hollywood. This property currently consists of 3 legal units with a 2/1 main house in the front and a detached duplex with (2) 1/1 units in the back. Potential to build up to 9 multifamily units as this has RM-18 zoning and lot size allows. The roof on the main house is about 15 years old and the central a/c is brand new. Main house is rented for $2,600 a month. One unit in the duplex pays $1,500/month, or $375 per week. The tenant in the duplex unit downstairs has six months left on their lease and pays $1,500/month and their own electricity. Duplex has wall/window AC units. The main house and one unit in the duplex have eight months left on their lease. Property has three electric meters, one water meter, and two septic tanks.

NOTE:

Property to be delivered with the current tenants.