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Rare legal duplex opportunity in the heart of Hollywood Park offering flexibility for investors, owner-users, and future redevelopment potential. The property features approximately 2, 300 SF of living area with a versatile layout ideal for rental income, multigenerational living, or long-term repositioning. Currently income-producing with the front unit rented at $2, 300/month and the rear unit rented at $1, 650/month.
Centrally located within the rapidly evolving Hollywood East corridor, just minutes from Downtown Hollywood, beaches, US-1, I-95, Fort Lauderdale Airport, shopping, dining, and entertainment.
The existing configuration provides multiple occupancy options with strong income-producing potential. Larger than many nearby comparable properties, this asset offers significant functional utility while remaining competitively positioned within the current market. The property is situated on a generously sized lot with convenient access and ample surrounding redevelopment activity throughout the neighborhood.
Ideal for investors seeking cash flow and appreciation, or buyers looking to occupy one portion while generating supplemental rental income. Excellent opportunity in a high-demand area experiencing continued growth and redevelopment. Buyer to independently verify zoning, use, dimensions, and future development potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $687 | $687 | $687 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,832 | $2,945 | $3,851 |
| Total Monthly Payment | $3,611 | $3,724 | $4,630 |
* 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.