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1856 Lincoln St, Hollywood, FL 33020
$2,250,000
1856 Lincoln St, Hollywood, FL 33020View this property at 1856 Lincoln St, Hollywood, FL 33020
1856 Lincoln StHollywoodFL33020
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Property Description
Introducing 1856 Lincoln St, a turnkey 12-unit multifamily gem just minutes away from Young Circle and downtown Hollywood, conveniently located off of US-1. Carefully renovated, this property offers a mix of eight 1-bed/1-bath units and four studio units, each boasting new vinyl flooring, modern kitchens, and stylish bathrooms. Recent upgrades include a resealed roof and freshly painted exterior, ensuring durability and curb appeal. While currently 50% occupied, the property is steadily filling up, poised to generate over $228,000 annually, promising remarkable returns for investors at almost a 8% proforma CAP! Don't miss this opportunity to own a meticulously maintained multifamily property in a prime location. Contact us today for further details and to schedule a viewing.
Full Property Details
Full Property Details for 1856 Lincoln St
General
- Price: $2,250,000
- Taxes: $34,361
- Status: Active
- Type: Apartment
- MLS ID: A11564975
- Updated: 6/4/2024
- Added to Site: 60 day(s) ago
Business
- Business Type: Apartments
Rental Information
- Lease/Rent Term: 1 To 3 Year Lease
Interior
- Flooring: Other, Vinyl
Parking
- Parking Features: Other, On Street
Location
- County: Broward County
Community
- Units Assoc/Comm: 5
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Other
Utilities
- Sewer: Public Sanitation
- Water: Public
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Frame With Stucco, Other
- Roof: Built-Up
- Stories/Levels: 2
- Building Size: 5996
- Year Built: 1931
Unit Information
- Units in Complex: 5
Lot Features
- Lot Size (Sq. Ft.): 5,458
- Zoning: ND-2
Financial Considerations
- Tax Amount: $34,361
- Terms: All Cash, Conventional/Refinance
- Tenant Pays: Electricity, Other
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Sale
- Documents Avail.: Aerial Photo(S), Investment Analysis, Rent Rolls
- Legal Description: HOLLYWOOD 1-21 B LOT 30 BLK 47
- Property ID: 514215018850
Listed by Fausto Commercial Realty Consultants Inc
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Schools
Schools serving 1856 Lincoln St
School District:Broward County School District
Rating | Name | Grades | Distance |
---|---|---|---|
300 Se 2nd Ave, Dania Beach, FL 33004 | PK-5 | 2 mi | |
330 Se 11th Ter, Dania Beach, FL 33004 | 6-8 | 1.3 mi | |
1901 N Federal Hwy, Hollywood, FL 33020 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1856 Lincoln St
Date
Details
Price
Change
Source
4/07/2024
Listed
$2,250,000
34.73%
MLS
4/29/2022
Sold
$1,670,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1856 Lincoln St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$35,793
51%
$1,522,610
59%
2022
$23,771
7%
$957,610
—
2021
$22,213
—
$957,610
8%
2021
$22,213
12%
$888,000
27%
2019
$19,865
10%
$697,440
10%
2018
$18,052
15%
$634,040
-9%
2017
$15,682
8%
$694,800
18%
2016
$14,491
10%
$589,030
24%
2015
$13,153
6%
$476,370
10%
2014
$12,389
7%
$433,070
10%
2013
$11,537
—
$393,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1856 Lincoln St
1856 Lincoln St, Hollywood, FL 33020 (MLS# A11564975) is a Apartment property. 1856 Lincoln St is currently listed for $2,250,000 and was received on April 07, 2024. Want to learn more about 1856 Lincoln St? Do you have questions about finding other Apartment real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.