2456 Lincoln St Hollywood, FL 33020
- Specialty properties
- 5,247 SF
Current Use by Public Records
- Specialty properties
Property Details for 2456 Lincoln St
- Year built
- 1958
- Property size
- 5,247 SF
- Property type
- Specialty properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1571
- Latitude
- 26.0171
