Investment property in Hollywood. IT CAN BE SOLD AS PART OF A PACKAGE ALONG WITH TWO ADDITIONAL FIRST-FLOOR, ONE-BED/ONE-BATHROOM UNITS WITHIN THE SAME COMPLEX. All three apartments are similar in design. This unit has a Section 8 tenant, paying $1, 600. The apartment passed the Holywood Housing Annual Inspection in 09/2024. 2219 Polk St. #8A; ASKING $149, 900 Vacant, upgraded and ready for rent at $1, 600 p/month. 2225 Polk St. #8AW; ASKING $147, 000. Occupied by a long-term tenant paying $1, 475 p/month. No need to upgrade while tenants are in premises. Estimated Cap. Rates: 2219/1A: 6.8%, 2219/8A: 6.6%, 2225/8AW: 5.8%. This is an excellent investment opportunity in a fast growing area, just steps of Hollywood Blvd and circles, Dixie Hwy, I-95 and 10' drive to beaches.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BedroomOnMainLevel
- FirstFloorEntry
- Flooring: Tile
Appliances
- ElectricRange
- Refrigerator
- Laundry Features: CommonArea
Heating and Cooling
- Cooling Features: CentralAir
Exterior and Lot Features
Pool and Spa
- Pool Features: Association
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Parking Features: OneSpace
Home Features
Homeowners Association
- Association: Yes
- Association Amenities: Laundry, Pool
- Association Fee: 1473
- Association Fee Frequency: Quarterly
- Association Fee Includes: CommonAreas
- Calculated Total Monthly Association Fees: 491
- Pets Allowed: No
Other Property Info
- Annual Tax Amount: 2866
- Source Listing Status: Active
- County: Broward
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: condo
- MLS Area Minor: Hollywood Central West (3980;3180)
- Source Neighborhood: CYPRESS GARDENS CONDOMINI
- Parcel Number: 514216AB0010
- Postal City: Hollywood
- Postal Code Plus 4: 6720
- Subdivision: CYPRESS GARDENS CONDOMINI
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 576
- Year Built: 1970
- Building Area Total: 576
- Construction Materials: Block
- Entry Level: 1
- Entry Location: 1
- Property Age: 55
- Property Attached: Yes
- Building Total Stories: 2
- Year Built Details: Resale
- Architectural Style: GardenApartment