6204 Dewey Street
6204 Dewey Street
$1,600,000
—
3,652
3,652
$438
Description
The subject property is 2contiguous 4plexes located in central Hollywood & contains eight (1/1) apartments. The property presents itself as a value-add opportunity due to the rents being approximately over 50% below market value with each unit renting at approximately $1000 per month. Market rent is estimated at $1500 per month. Hollywood is experiencing a tremendous renaissance with the majority of new construction consisting of residential development. The area is considered to have the 2nd largest...The subject property is 2contiguous 4plexes located in central Hollywood & contains eight (1/1) apartments. The property presents itself as a value-add opportunity due to the rents being approximately over 50% below market value with each unit renting at approximately $1000 per month. Market rent is estimated at $1500 per month. Hollywood is experiencing a tremendous renaissance with the majority of new construction consisting of residential development. The area is considered to have the 2nd largest supply pipeline across all Fort Lauderdale submarkets where over 70% of the new residential supply set to be delivered will be luxury rentals. The subject property provides a unique opportunity to take advantage of the strong demand thereby creating value by repositioning the asset.
- Listed by Peter Dacko • Media Realty
Property Details for 6204 Dewey Street
Waterfront
No
Location
LISTING UPDATED: 04/03/2024 04:30 PM
Property Details for 6204 Dewey Street
Status | Active |
---|---|
MLS # | F10432430 |
Days on Market | 32 |
Taxes | $15,196 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial/Industrial / Income/Multi-Family |
Year Built | 1964 |
Lot Size | 0.12 AC / 5,302 SF |
County | Broward County |
Location
Building Information for 6204 Dewey Street
Stories-Residences-Year Built1964Building Size-Lot Size0.12 AC / 5,302 SF
Payment Calculator
$9,998 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6204 Dewey Street
Property History for 6204 Dewey Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 6204 Dewey Street
This home is within Broward.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 6 |
Rating | School | Distance |
---|---|---|
Orange Brook Elementary School PublicPK to 5 | ||
Apollo Middle School Public6 to 8 | ||
Mcarthur High School Public9 to 12 | ||
Somerset Academy East Preparatory CharterK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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