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Located in the Hollywood Beach Gardens neighborhood of Hollywood, 201 Columbus Parkway is a well-maintained duplex offering a compelling opportunity for investors seeking stable rental income and long-term appreciation in the Broward County market. Built in 1984, the property consists of approximately 1, 662 square feet of living space configured as two separate units: a 1-bedroom/1-bath front unit and a 2-bedroom/2-bath rear unit. The flexible layout supports multiple income strategies, including traditional long-term leasing or furnished rentals.
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Both units feature open living areas, updated kitchens, and modern finishes with tile and terrazzo flooring, providing a move-in-ready environment attractive to tenants. A private backyard adds functional outdoor space, enhancing tenant appeal and usability. The property sits on a residential lot in a walkable neighborhood and includes off-street parking potential, making it suitable for small families or professionals seeking convenient housing.
The location is a major investment driver. The property is minutes from key South Florida destinations including Hollywood Beach Broadwalk and Seminole Hard Rock Hotel & Casino Hollywood, as well as major commuter routes connecting to Fort Lauderdale and Miami. This proximity to tourism, employment centers, and entertainment supports strong rental demand and occupancy.
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Our Executive Mortgage Banker:
Our Insurance Division:
$610,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $488,000 | $488,000 | $488,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.873% |
| Monthly Tax Payment | $886 | $886 | $886 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,887 | $3,005 | $3,985 |
| Total Monthly Payment | $3,865 | $3,983 | $4,963 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.