Description

2634 Pierce Street Hollywood, FL 33020 Asking $499,000 Income producing, multi-family property in Downtown Hollywood. High-Demand Rental Area near City Hall and just 2.5 miles to Hollywood's Famous Beach. One: separate 2 Bed 2.5, Remodeled, Detached House Four: 1 Bed, 1 Bath Units One: 2 Bed, 1 Bath Unit Property is situated on an over-sized 20,000 SF lot + 8 parking spaces. Five units are occupied on a month to month tenancy, one unit is vacant. Current rent is below market rate, but new owner can raise rent based on month to month status. $83k per door with rental estimates between $900 - $1400/mo depending on the unit Excellent area, with high-demand (minimal vacancy), and growth potential. Approximate 7 to 8% Cap Rate View More Photos Here: http://www.investingwithmike.com/properties/pierce   Keyword: West Palm Beach, Palm Beach, Palm Beach County, Lake Worth, Riviera Beach, Boynton Beach, Delray Beach, Rental, ARV, Cheap, Discount, REO, Fixer upper, Rehab, Investment, Repair, Short Sale, Must Sell, Motivated, Palm Beach, Handyman, Motivated Seller, Foreclosure, Wholesale The BEST investment properties at: www.investingwithmike.com (Cheap AND Discounted Properties) Download my Ebook For Free - "41 Ways to Find Motivated Sellers Fast as Hell" at www.needmotivatedsellers.com



Property Details

Property Status Expired
Location 2634 Pierce Street, Hollywood, FL 33020, United States
Price $499,000
Estimated Repairs $5,000
Square Footage 10000
Sq Footage Source tax_records
# of Units 6
Market Rent (Annually) $92
Gross Yield 0.0%
Net Income (Annual) $0
Net Yield 0.0%
Property Management In Place N/A
Seller Financing Available N/A
Sellers Disclosure I have equitable interest and am assigning my rights to purchase this property
Publish Date November 3rd, 2017

Seller Information

Mike Hill

West Palm Beach, Florida
Member since December 2015
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