If you’re in the market for a valuable real estate investment opportunity in the heart of Hollywood, look no further than this Hollywood Home for sale. Located east of I-95 on a quiet dead-end street, this property offers not one, but two single-family homes on a large lot, presenting an excellent value-add opportunity for potential buyers.
The front house features three bedrooms and one bathroom, complete with a full kitchen, washer, and dryer hookups, central AC, and a fenced yard. The back house offers two bedrooms and one bathroom, also equipped with a full kitchen, washer, and dryer hookups, central AC, an enclosed garage, and a fenced yard. Both houses have separate electrical and water meters, ensuring easy management for the owner.
Currently, this property boasts long-term month-to-month tenants with below-market rents, generating a rent roll of $3,300 per month. However, the potential for increased revenue is significant, as the market rent roll is estimated at $5,000 per month. This makes it an ideal investment for those seeking to maximize their returns and capitalize on the strong rental market in Hollywood.
Spanning across a generous 10,500 square feet, the lot is zoned RS-3, allowing for various possibilities and potential future development. East Hollywood is currently experiencing a revitalization and building boom, making this property even more enticing for investors looking to tap into the area’s growth.
Strategically located between Miami and Fort Lauderdale, this Hollywood Home for sale offers an ideal location for residents and investors alike. With easy access to major highways such as I-95, commuting to neighboring cities is a breeze. Additionally, the property benefits from being situated on a quiet dead-end street, providing a peaceful and tranquil living environment for tenants.
Whether you’re a seasoned investor or a first-time buyer looking for a property with great potential, this Hollywood Home for sale is a must-see. With two single-family homes, a large lot, and an incredible location, it presents an exciting opportunity to add value and generate substantial returns. Don’t miss out on being a part of the thriving East Hollywood community and the ongoing revitalization in the area.
2640 Garfield St, Hollywood, FL 33020