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702 N 20th Ave, Hollywood, FL 33020

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Listing Type
commercial/industrial
Listing Status
active
Explore Hollywood, FL
12
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
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$896,000

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Home Details for 702 N 20th Ave

Price
$896,000
Type
commercial/industrial
Year Build
1953
Sq. Ft.
3845
Lot Size
0.2850
County
Broward County
MLS Listing#
F10327485
On exitrealty.com
64 days

Property Description

The 2 properties, 702 and 708 N. 20th Ave., must be sold all cash as a package. Property Description: 702 N. 20th Ave. currently has 5 units although it is a legal 4plex. The current configuration is 2 (0/1) + 2 (1/1) + (2/1). Once converted the property will contain (1/1) + (0/1) + (2/1) + (2/2) for a total of 4 units. 708 N 20th Ave consists of 2 (2/2) Apts. Rents for both properties are under market. Due to the nonconforming use which has been tagged by the city, the asking price provides an astute investor the opportunity to acquire a value-add opportunity. Current PGI $82,620. Stabilized PGI $101,400. *********DOWNLOAD THE OM for all salient info regarding offer including income & expense, lease and comparable sale analysis.
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EXIT RYAN SCOTT REALTY
2601 E. Oakland Park Blvd Suite 101, Fort Lauderdale, FL 33306
$896,000

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EXIT RYAN SCOTT REALTY
2601 E. Oakland Park Blvd Suite 101, Fort Lauderdale, FL 33306