$525,000
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2739 Lincoln St Hollywood, FL 33020
Single Family
Residence
5
Beds
3
Baths
2,318
Sq. Ft.
0.24
Acre
Lot
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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.
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MLS#
F10458509
Property Type
Single Family
Bedrooms
5
Bathrooms
3 Full
Year Built
1947
Square Feet
2,318
sq. ft
Lot Size
0.24
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