2739 Lincoln StHollywood, FL 33020
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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.
| 5 days ago | Status changed to Pending | |
| 5 days ago | Listing updated with changes from the MLS® | |
| 5 months ago | Price changed to $525,000 | |
| 5 months ago | Listing first seen on site |
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Last updated at: 2024-10-15 07:32 PM UTC
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