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    2627 Lincoln St Hollywood, FL 33020

    For Sale
    $975,000

    Prime Location, Income-Producing Triplex

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1957-built, single-story triplex in Hollywood, Florida (33020), presents a compelling investment opportunity. Located at 2627 Lincoln St, in Broward County, this property offers a unique blend of convenience and income potential. The triplex is ideally situated minutes from the beach, downtown Hollywood, shopping centers, and diverse dining options, ensuring high tenant demand for both long-term and short-term rentals, including Airbnb. The property boasts updated features and benefits from a single water meter, resulting in average monthly water expenses of $120. A cost-effective septic system further reduces utility costs. Adding to its income-generating potential is a separate shed, currently functioning as an efficiency unit, providing a fourth income stream. The asking price is $975,000. This multifamily property represents a strong investment in a desirable location with proven rental income potential. The property's proximity to key amenities and its efficient utility setup make it an attractive option for both seasoned investors and those new to the market. Don't miss this chance to acquire a well-maintained, income-producing asset in a thriving Florida community.

    Property Features for 2627 Lincoln St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1957
    Stories
    1

    HighLights

    • $975,000 asking price.
    • Hollywood, FL triplex apartment building.
    • 1957 construction, one story.
    • Prime location near beach, downtown, shopping, and dining.
    • Features a separate income‑producing efficiency unit (shed).
    • Single water meter with average monthly cost of $120; septic system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1604913
    Latitude
    26.0175004

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, Income-Producing Triplex
    Where is this multifamily property located?
    The property is located at 2627 Lincoln St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price.; Hollywood, FL triplex apartment building.; 1957 construction, one story.
    Request Owner's contact information
    2627 Lincoln St Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2627 Lincoln St Hollywood, FL 33020
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