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    2456 Lincoln St Hollywood, FL 33020

    Sponsored
    For Sale
    $1,680,000

    Ten-unit property, high redevelopment potential.

    Property size:
    5,247 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity in Hollywood, Florida, presents a rare chance to acquire a well-located multifamily property at 2456 Lincoln Street, 33020. The property, built in 1958, comprises three buildings totaling 5,247 square feet and sits on a substantial 20,522 square foot lot. Currently housing ten non-conforming units – three two-bedroom/one-bathroom units, three one-bedroom/one-bathroom units, and four studio units – the property offers immediate income potential. The current capitalization rate stands at 6.24%, but significant upside exists through market rent adjustments. The property's zoning (RM-18) allows for substantial redevelopment potential, aligning perfectly with the city's current trend of approving higher-density projects. Its prime location near I-95 and minutes from the ocean provides both excellent accessibility and high desirability. The asking price is $1,680,000, and seller financing is available. This is a truly unique opportunity to capitalize on a strong existing cash flow while simultaneously positioning yourself for future growth in a rapidly developing area. Don't miss this chance to acquire a multifamily asset with exceptional upside in a prime Hollywood location.

    Property Features for 2456 Lincoln St

    General Information

    Property type
    Specialty properties
    Square Feet
    5,247 SF

    Building Details

    Year Built
    1958

    HighLights

    • Exceptional investment opportunity in Hollywood, FL, at 2456 Lincoln Street, 33020.
    • Well‑located multifamily property totaling 5,247 square feet on a 20,522 square foot lot.
    • Ten non‑conforming units (three 2/1, three 1/1, four studios) provide immediate income.
    • 6.24% capitalization rate with significant upside potential through rent increases.
    • RM‑18 zoning allows for substantial redevelopment; prime location near I‑95 and the ocean.
    • Asking price: $1,680,000; seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1570976
    Latitude
    26.0171312

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    FAQs

    What type of property is this?
    Specialty property - Ten-unit property, high redevelopment potential.
    Where is this specialty property located?
    The property is located at 2456 Lincoln St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,680,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in Hollywood, FL, at 2456 Lincoln Street, 33020.; Well-located multifamily property totaling 5,247 square feet on a 20,522 square foot lot.; Ten non-conforming units (three 2/1, three 1/1, four studios) provide immediate income.
    (954) 709-8627
    Request Owner's contact information
    2456 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
    2456 Lincoln St Hollywood, FL 33020
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