1737 Dewey Street

Hollywood, FL 33020

About this property

INVESTOR ALERT! Excellent investment opportunity in an up-and-coming neighborhood! Ideal for first-time investors, savvy investors, and first-time homebuyers. Perfect for long-term rentals or short-term rental strategies, subject to applicable regulations.This property features 4 independent units, making it an easy-to-manage income-producing property. Located just 5 minutes from Hollywood Beach and 2 minutes from Downtown Hollywood, in an FH-2 zoning district and Opportunity Zone, allowing potential for additional units/floors and a variety of uses, subject to applicable approvals. Each unit has split A/C, plus a shared laundry room and 4 parking spaces. The two rear units feature spacious, fenced-in patios perfect for outdoor living. Two renovated units are rented to excellent long-term tenants. The remaining two units are currently being renovated and are expected to be completed by mid-October or before, providing an opportunity for increased rental income once completed. Great location, existing income, and future development potential.

About this property

INVESTOR ALERT! Excellent investment opportunity in an up-and-coming neighborhood! Ideal for first-time investors, savvy investors, and first-time homebuyers. Perfect for long-term rentals or short-term rental strategies, subject to applicable regulations.This property features 4 independent units, making it an easy-to-manage income-producing property. Located just 5 minutes from Hollywood Beach and 2 minutes from Downtown Hollywood, in an FH-2 zoning district and Opportunity Zone, allowing potential for additional units/floors and a variety of uses, subject to applicable approvals. Each unit has split A/C, plus a shared laundry room and 4 parking spaces. The two rear units feature spacious, fenced-in patios perfect for outdoor living. Two renovated units are rented to excellent long-term tenants. The remaining two units are currently being renovated and are expected to be completed by mid-October or before, providing an opportunity for increased rental income once completed. Great location, existing income, and future development potential.

Features and Additional Information

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$890,000 Active
1,696 sqft

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Area Information

3030 | Broward County | HOLLYWOOD SOUTH SIDE ADD

$ 890,000
This listing is play_arrow 35500.0% higher than the average in the area
$ 2,500 in the area
1,696 SqFt
This listing is play_arrow 8.1% larger than the average in the area
1,569 SqFt in the area
$ 525 $/SqFt
This listing is play_arrow 32834.2% more than the average in the area
$ 2 $/SqFt in the area
11 days on site
This listing is play_arrow 45.0% below the average in the area
20 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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Listed By Graziela Machado
Brokerage: One Sotheby's International Realty

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