Hollywood Little Ranches 5 bedroom Single Family House For Sale
2739 Lincoln St, Hollywood, FL 33020

$525,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:F10458509
  • Virtual Tour: YES
  • List Price: $525,000
  • Living Area: 2318 Ft² / 215 M²
  • Price Per Foot/Meter: $226 / $2,438
  • Bedrooms:5
  • Full Baths:3
  • Taxes:$7,970
  • Year Built:1947
  • Listing Date:August 27, 2024
  • Days On Market:85

Description


Distressed Sale | Not an REO. VALUE ADD OPPORTUNITY. The subject originally functioned as a single-family home but was adapted into a triplex years ago. The unit breakdown is (2/2) (2/1) and one (1/1). The subject has a violation for non-conforming units and work done without a permit. This requires bringing the property into compliance (back to a single family). Currently priced at $227/SF, the property is $125 less expensive than neighborhood single-family homes. Market data suggests that an equivalent SFR in the area typically sells for between $650,000 and $775,000. The value-add opportunity can be broached by converting the property back to a single-family. This typically requires the removal of 2 stoves and the 220 V electric line as well as opening doors between the units.

Features


  • Floor:CeramicTile
  • Interior Feature:FirstFloorEntry
  • Exterior Feature:None

Location


Price History


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker