Home » Hollywood » 1942 Monroe St, Hollywood, FL 33020 | A11522777

Fourplex (Quadruplex) For Sale 1942 Monroe St, Hollywood, FL 33020

$925,000
closed for a price of $880,000

Property Highlights

Listing ID A11522777 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 2,640 Sqft/245.26 m2 approx. Building Area 2,640 Sqft/245.26 m2 approx. Year Built 1955 Time of this property from published date until Closing Date 316 Days

1942 Monroe St, Hollywood, FL 33020

Property Description: Introducing 1942 Monroe St, an exceptional fourplex presenting a lucrative investment opportunity. This property features two spacious 2-bed/1-bath units and two cozy 1-bed/1-bath units, all currently at full occupancy. Unlock the potential for an impressive $93,000 annual income by adjusting rents to market rates. The property is designed for efficiency, brand new roof, separate electric meters and impact windows for cost-effective maintenance. Conveniently located just a 2-minute drive from Young Circle, this investment is not only financially promising but also strategically positioned. Parking is hassle-free with 6 assigned spaces, and to sweeten the deal, seller financing is available. Don 't miss the chance to own this income-generating gem at 1942 Monroe St.

Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Sold located at 1942 Monroe St Hollywood FL 33020 in Broward referenced as ID MLS # A11522777. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:No Contingencies
Previous Asking Price:$950,000
Original List Price:$990,000
Close Price:$880,000

Lease Details

Rent Includes:
  • Sewer
  • Trash Collection
  • Water

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Fourplex
Levels:One
Construction Materials:
  • Block
  • Other
Flooring:
  • Tile
  • Other
  • Terrazzo
Stories:1
Possible Use:
  • Investment

Property Features

Waterfront:No
Roof:
  • Shingle
  • Other
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Wall Furnace

Taxes and Expenses

Tax Annual Amount:$8,495

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects No Exemptions

Terms

Documents Available:
  • Other
  • Financials
  • Rent Rolls
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Fha
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Subdivision Name:HOLLYWOOD
Senior Community:No

Parking

Parking Total Spaces:6
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Flood ZoneX
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsX
Ref1059459313
Subdivision Number1
Buyer Country of ResidenceUSA
Buy StateFlorida

Zoning and Legal

Tax Legal Description:HOLLYWOOD 1-21 B LOT 26 BLK 29
Real Estate Folio Number (Parcel Number):514215015780
Zoning Description:PS-2
Public Survey Range:51
Public Survey Section:15

Listing History

Update/EventDate/Days
Published Date:January 28, 2024 11:13 pm
On Market Date:January 28, 2024
Close Date:December 9, 2024
Price Change Date Time:October 17, 2024 5:27 am
Last Important Update Description:Closed
Date and Time of Last Important Update:December 9, 2024 10:33 pm
Status Last Changed:December 9, 2024 10:33 pm
Photos Last Modified:July 11, 2024 2:05 am
Last Modified:December 10, 2024 3:33 am
Days on the Market Reference Date:December 10, 2024
Days on the Market (updated on Last Modified*):269
Cumulative Days on the Market (updated on Last Modified**):269

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:13
Location:,,Less Than 1/4 Acre Lot
Included:,,
Geographical Area:Hollywood East (3010-3050)
Area:3040
Automated Valuation Display:Yes
Courtesy of:Fausto Commercial Realty Consultants Inc
Universal Property Id:US-12011-N-514215015780-R-N

Location

Show Property Address:Yes
Street Name:Monroe St
Street Number:1942
Street Address:1942 Monroe St
City : Hollywood
State : Florida
Zip Code : 33020
County : Broward
Full Address:1942 Monroe St, Hollywood, FL 33020
Latitude:N26° 0' 26.9''
Longitude:W81° 51' 13.4''

Neighborhood

Postal City:Hollywood

Property Map